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THG Annual Report 2017 – record breaking year for sales, investment and international growth
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THG Annual Report 2017 – record breaking year for sales, investment and international growth

The Hut Group (“THG” or the “Group”), one of the world’s largest online beauty and wellbeing businesses, today announces its results for the year ended 31 December 2017.

Financial Highlights


Operational Highlights

Talent Highlights 


THG invested heavily in talent during the year, creating 1,884 jobs and growing its global workforce to over 4,000 colleagues by year end. The Group also invested in its Talent Function, including internal communications, leadership academies and office infrastructure. Through its in-house leadership development platform, THG Academy, the Group is building the next generation of business leaders.THG now employs colleagues representing 66 nationalities and working in offices located in 10 cities around the globe, in the UK, USA, Europe and Australia. The average age of a THG employee is 29. THG expects to create a further 2,000 new jobs in 2018.


 Matthew Moulding, Chief Executive Officer of The Hut Group, commented: 


“2017 was a year of significant development and growth for The Hut Group, as we invested in our infrastructure, our technology platform, our people and our brands. THG is now firmly a global player and it is particularly pleasing to see over 70% of Group sales coming from overseas, and 58% of total sales being of our own brands.


“During the year our acquisitions of Hangar Seven and UK2 saw us develop further our propriety technology platform, THG Ingenuity, and investments in key brands such as ESPA, Illamasqua and GLOSSYBOX further extended our leading beauty offer. In addition, our job creation continued apace and we welcomed over 1,800 colleagues to The Hut Group around the world. 


“With our growing, talented workforce, our leading brands and our cutting-edge technology and infrastructure, we look forward to a further year of growth in 2018.” 


THG was also awarded the prestigious Queen’s Award for Enterprise this year in the International Trade Category.


Notes to Editors: 1Adjusted EBITDA is operating profit before depreciation, amortisation, share based payments and exceptional items