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Home Business NewsBusinessBusiness Growth The Hut Group plan a £4.5bn stock market listing

The Hut Group plan a £4.5bn stock market listing

by LLB Finance Reporter
27th Aug 20 11:04 am

The Hut Group (THG) are planning a £4.5bn listing on the London Stock Exchange and are looking to raise around £920m through share offerings.

The company who own MyProtein and ESPA was founded in 2004 and has expanded rapidly with their online health brands and employ 7,000 staff.

The company saw revenues soar by 24.5% year-on-year to £1.1bn in 2019, with adjusted earnings before tax and interest of £111.3m.

In the six months to 30 June THG told investors that their growth has accelerated with revenues of rising by 35.8% to £676m.

Matthew Moulding, founder, chief executive officer and chairman of THG, said: “Our intention to float THG on the London Stock Exchange reflects the achievements of the past but also our strong belief in the significant potential for THG in the future.

“THG has enjoyed strong growth since being founded in 2004, employing more than 7,000 people and establishing a track record of consistent delivery for our customers.

“The brands we own today give us leading strategic positions in prestige beauty and nutrition, powered by Ingenuity, our differentiated proprietary direct-to-consumer e-commerce solution.”

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