RE: Impressive growth & results28 Sep 2021 08:35
The latest THG results show what MODE are about to get into growth wise
THG PLC
Group revenue of £958.8m, +44.7% YoY and +95.0% 2 year growth (constant currency), with THG Beauty H1 revenue a highlight at +59.0% YoY growth. Adjusted Group EBITDA of £81.2m, +38.6% on H1 2020
Ahead of schedule for both the technical separation of each of the Group's key trading divisions and the exercise of the SB Management Limited ('SBM') Ingenuity investment option in 2022
Announcing today that THG Beauty is to be separated and listed on a public share-trading exchange in 2022
Nine companies across the SoftBank Group Corp. ('SoftBank') portfolio, including AutoStore, are partnering with THG Ingenuity, driving increased THG revenue and enhanced platform functionality, with a healthy pipeline going forward underpinning the collaboration agreement
Launch of FIR/ST, a global-innovation combining AutoStore's automated storage and recovery system with THG Ingenuity's warehouse management and courier system, creating a single, headless, end-to-end global fulfilment software solution
50 end-to-end, fully localised and serviced websites launched across 22 territories for existing and new THG Ingenuity clients, with over 95% of clients utilising THG's global fulfilment network, delivering +165.5% revenue growth in H1