Fashion retailer, Boohoo Group has unveiled its final year results for the year ended February 28, with revenue increasing by 48% to £856.9 million ($1.6 billion AUD) compared to £579.8 million ($1.0 billion AUD) in 2018.
The group, which incorporates the brands, Boohoo, PrettyLittleThing and Nasty Gal, saw gross profit increase 53% from £306.4 million ($574.2 million AUD) in 2018 to £469.0 million ($879.0 million AUD) in 2019.
Geographically, Boohoo group saw strong growth across all regions, with the UK up 37% while the revenue from the international segment increased 64% for the business. The Boohoo brand saw particularly strong international growth, with the segment making up 44% of the brand's revenue.
By brand, Boohoo revenue was up 16%, PrettyLittleThing saw a 107% jump in revenue, while Nasty Gal's revenue increased 96% in the period.
CEO of Boohoo Group, John Lyttle, said that the disruptive business model has once again proved deliver financial results.
"I am very excited to have joined the Boohoo Group at this key stage of its growth, with the group’s disruptive and proven business model having delivered yet another excellent set of financial and operational results.
"In my short time within the business, I am delighted to have been able to meet a number of hugely talented people and have already been able to see many parts of the business.
"This has confirmed my belief and optimism that the group’s investments into its brands and infrastructure have allowed it to develop a scalable multi-brand platform that is well-positioned to disrupt, gain market share and capitalise on what is a truly global opportunity."
In terms of active customers, Nasty Gal saw the largest increase in the period, with active customers increasing by 122% compared to 2018. Boohoo and PrettyLittleThing also saw growth in their active customer base, with the numbers jumping up by nine and 70% respectively.