THG (THG)

Sector:

Personal Goods

62.75p
   
  • Change Today:
      0.90p
  • 52 Week High: 107.10
  • 52 Week Low: 57.38
  • Currency: UK Pounds
  • Shares Issued: 1,330.63m
  • Volume: 4,318,997
  • Market Cap: £834.97m
  • RiskGrade: 166

Earnings surge at THG despite revenue dip

By Abigail Townsend

Date: Wednesday 10 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Beauty-to-tech firm THG reported a jump in annual earnings on Wednesday, despite a dip in revenues.
The firm, which owns beauty and nutrition brands Myprotein, Perricone MD, Cult Beauty and Lookfantastic, among others, alongside e-commerce division THG Ingenuity, said continuing revenues in the year to 31 December eased 2.8% to £1.98bn.

On a total basis, revenues fell 8.4% to £2.05bn.

THG said revenues had been hit by "positive action" to discontinue loss-making categories, with profitable sales and territories prioritised instead. Revenues also returned to growth in the final three months of the year.

As a result, continuing adjusted earnings before interest, tax, depreciation and amortisation rose 48% to £120.4m, ahead of internal forecasts.

Total adjusted EBITDA jumped 78% to £114.1m.

Matthew Moulding, chief executive, said: "We made material progress against our strategic priorities, delivering significant profit growth following the support for our consumers through the cost of living crisis in 2022.

"Having completed our recent infrastructure investment programme, the group is now delivering operating leverage.

"The return to group revenue growth in the fourth quarter was especially pleasing, and this momentum has continued into 2024."

Looking to the current year, THG said overall revenue trends were continuing to improve, most notably in its Beauty division.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

THG Market Data

Currency UK Pounds
Share Price 62.75p
Change Today 0.90p
% Change 1.46 %
52 Week High 107.10
52 Week Low 57.38
Volume 4,318,997
Shares Issued 1,330.63m
Market Cap £834.97m
RiskGrade 166

THG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.32% below the market average7.32% below the market average7.32% below the market average7.32% below the market average7.32% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
57.13% below the market average57.13% below the market average57.13% below the market average57.13% below the market average57.13% below the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income Not Available
Growth
37.77% below the market average37.77% below the market average37.77% below the market average37.77% below the market average37.77% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average

THG Dividends

No dividends found

Trades for 24-Jun-2024

Time Volume / Share Price
17:01 250,000 @ 62.81p
16:35 304,166 @ 62.75p
16:35 7,290 @ 62.75p
16:35 4,555 @ 62.75p
16:35 6,952 @ 62.75p

THG Key Personnel

CEO Matthew Moulding
CFO Damian Sanders
Chair Charles Allen

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