boohoo group plc

Cautious optimism

  • Sectors : Disruptive Technology
  • Companies : boohoo group plc

Ratings and price correct at time of issue.

  • boohoo group plc

    Closing Price: 113p

  • RATING 22/09/21

  • PREVIOUS RATING N/A

DAVY VIEW

2021 was a very challenging year for boohoo Group (BOO), with the second half exposing the ability to guide conservatively – admittedly for the first time since perhaps 2015. The December 16th trading update delivered the cut to numbers that has right-sized expectations — with c.35% reductions to FY22 and FY23 adjusted EBITDA expectations. The risk/return dynamic supports cautious optimism here, and we retain our ‘Outperform’ rating.

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Jan 10 2022, 07:10 GMT

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