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Boohoo Group reported record trade for the last four months of 2019, with revenue growth of 44% across all key demographic regions.

The Group, which owns Boohoo, PrettyLittleThing and Nasty Gal, reported total group revenue of £473.7 million.

While Australia continues to grow as a market, the strongest markets are Europe and the US with revenue growth of 57%.

Rest Of The World revenue, which includes Australia, saw a comparatively modest 13% growth in revenue to £37.7 million.

Gross margin across the group was down 70bps for the period, to 53.5%.

CEO John Lyttle said group revenue growth for the full year would be upgraded, from 33%-28% to 40%-42%.

Operational excellence in its warehouses and the successful integration of new acquisitions were credited for the boom.

“I am delighted to report the group has enjoyed record trading in the last four months of 2019. All of our brands have performed exceptionally well and delivered strong market share gains.

"We have continued to see operating leverage in our more established brands, and will continue to invest into them and our newly-acquired brands.

"The newly-acquired brands, MissPap, Karen Millen and Coast, are showing great promise and open different target markets for the group, in line with our strategy to build our multi-brand platform.”

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