Profits of about £125m are expected to be reported by fashion giant Boohoo for its latest financial year after its sales jumped by 14%.
The Manchester-headquartered company is set to post an adjusted EBITDA of approximately £125m for the 12 months to February 28, 2022.
The group said the total would be in line with previous guidance that was issued in December as well as market expectations.
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Boohoo added its net sales increased by 14% compared to its prior 12 months, and by 61% over a two-year period.
For its fourth quarter, the group's net sales increased by 7% while its gross sales grew by 26% and by 57% compared to two years ago.
Boohoo added its net sales growth in the quarter was "impacted by higher returns rates" year on year due to product mix. The group also said that this is expected to continue in the first half of its new financial year.
A statement issued to the London Stock Exchange said: "In the UK, the group continues to deliver a strong trading performance with our leading proposition resonating with customers.
"International performance continues to be impacted by longer customer delivery times as a result of pandemic-related supply chain pressures. However, in the fourth quarter, the group saw a return to growth in ROW due to the positive contribution from wholesale."
Boohoo's brands include BoohooMAN, Karen Millen, Nasty Gal, PrettyLittleThing, Coast, Misspap, Oasis, Warehouse, Burton, Wallis, Dorothy Perkins and Debenhams.
Group CEO John Lyttle said: "The group has delivered strong growth over the last two years, which has translated into significant market share gains.
"We are confident that pandemic-related headwinds are short-term in their nature, and our focus is to ensure the business is well positioned for growth as these headwinds ease."
Boohoo is expected to publish its full-year results for the year to February 28, 2022 on May 4.
The trading update comes after the group published Sir Brian Leveson's fifth and final report into its Agenda for Change programme.
The review tracked the progress of the Manchester-headquartered company against the recommendations laid out by Alison Levitt QC.
Sir Brian was first appointed to provide oversight of the group’s Agenda for Change programme in November 2020.
Boohoo had launched the scheme after allegations emerged of ill treatment of staff at its Leicester warehouse in September that same year.
