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Trading Update out this morning: New note from Zeus Capital on Research Tree: Strong start to the year: Q1 growth of 41% and positive outlook, nudging up our FY forecasts boohoo reports headline revenue growth for the three months to 31 May of 41% (42% CER) YoY, delivering Q1 sales of £58.2m. Growth continues to be powered by the UK, which delivered 42% growth, albeit this is somewhat flattered by the impact of third party sales, which are recognised as part of UK sales (we estimate UK growth excluding third party sales to be c.31%). boohoo continues to gather momentum in international markets, with growth reported in Rest of World at 37% (40% CER), while Rest of Europe grew at 40% (43% CER). It's up on Research Tree
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