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Health & Beauty

The Hut Group announces FY22 THG Beauty listing

While the commercial details of the listing are yet to be disclosed until H1 FY22, the group also claimed that it is considering a separate float for THG Nutrition

The Hut Group (THG) has revealed plans to list its beauty arm as a separate entity on a public share-trading exchange in FY22.

The listing of THG Beauty reflects a period of strong organic growth and growing US footprint for the department.

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The decision to list THG Beauty comes after an announcement in May that the group was undertaking a corporate structure review, enabling the firm to complete SBM’s investment into its Ingenuity platform for a 19.9% stake.

While the commercial details of the listing are yet to be disclosed until H1 FY22, the group also claimed that it is considering a separate float for THG Nutrition.

THG Beauty’s listing announcement came as THG reported H1 FY21 revenues of £958.8m, up 41.9% year-on-year.

Adjusted EBITDA at the firm also climbed 38.6% year-on-year to £81.2m in the half-year ended 30 June 2021.

Matthew Moulding, executive chairman and CEO at THG, said: “I am delighted to announce a strong first half performance across all divisions, as we continue to invest significantly in support of our strategic growth ambitions.”

THG Beauty achieved a 55.9% year-on-year revenue growth to £460.8m in FY21, with Moulding adding that the listing will “create further value” for the company’s shareholders.

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