Losses narrowed15 Sep 2022 08:54
THG said that, in the first six months of the year, pretax loss narrowed to GBP22.3 million from GBP66.7 million year-on-year. Revenue climbed 12% to GBP1.1 billion from GBP958.8 million. Looking ahead to the full year, the online beauty products retail platform now expects adjusted earnings before interest, tax, depreciation and amortisation to come in at a range of GBP100 million to GBP130 million. Earlier this year, it had been expecting adjusted Ebitda of GBP161 million, in line with the previous year. THG also said two non-executive directors are departing and two now ones have been appointed.