Skip to main content
The Hut Group reports landmark year with Group revenue up +35%
20-04-2016
THG Warehouse external photo

The Hut Group, one of the world’s largest and fastest growing online Health and Beauty brand owners and retailers, today announces its results for the year ended 31 December 2015.

FINANCIAL HIGHLIGHTS
 


OPERATIONAL HIGHLIGHTS

The Hut Group continued its commitment to invest in infrastructure and people ahead of consumer demand in order to ensure long-term scalability.
 


PEOPLE HIGHLIGHTS

The Hut Group has an unwavering commitment to its people and invested heavily in the North West with:
 


Matthew Moulding, CEO of The Hut Group, commented:

“I am pleased to report another landmark year for THG as we develop into a truly global business and major British export success, with international sales accounting for over 50% of our revenues for the first time. Overall we had a strong performance in 2015 with Group revenues up +35% to £334m (2014: £248m) and earnings up 33% to £30m (2014: £23m).

We reached the milestone of 8 million customers worldwide, following significant investment in our product offer, delivery options, customer experience and marketing. We also successfully launched 22 trading websites during the year, taking the total to 72 websites on our proprietary platform. These sites extend the Group’s global reach, and we now trade internationally in 21 languages, supported by 19 currencies and 16 localised payment options.

We have continued the evolution of our Beauty model with the acquisitions of beauty brands Mio Skincare in 2015 and Grow Gorgeous in 2016. These acquisitions diversify our beauty offering as we continue to develop our sales mix towards own-label, repeat purchase beauty products and we expect to complete further complementary deals in 2016.

Our target of becoming the World’s No 1 in online Health & Beauty is now firmly in our sights and we have stepped up our investment in people, technology, logistics and marketing to support the significant global potential of the THG business.”