Rns15 Sep 2022 08:04
Substantial progress as we continue to build a strong, sustainable global platform supporting THG brands and Ingenuity clients
Record revenue performance of £1.1bn in H1, underpinned by stable customer behaviour metrics driving market share gains in large Beauty and Nutrition markets
Adjusted EBITDA of £32.3m, with operating loss of £89.2m reflecting consumer price protection investment strategy. Medium term guidance reiterated with cost efficiencies and commodity price improvements supporting margin recovery in H2 and 2023
Robust cash on hand of £266m plus undrawn £170m RCF. £156m credit approved banking facility and agreed disposal of £44m non-core freehold asset will further strengthen the Group's balance sheet