THG Rerate is coming4 Oct 2024 10:09
Changes that have been called for to release value are underway, it's not the way Moulding wanted it to happen but his back is against the wall this time.
A mother of all rerates is to come and I don't think we'll need to wait too long.
Interim results for the half-year ended 30 June 2024
Group continuing revenue and adjusted EBITDA growth of +2.2% CCY and +1.6% respectively
Record H1 adjusted EBITDA across Beauty and Ingenuity helping to offset transitory headwinds in Nutrition
Improving momentum in Nutrition, expected to exit Q3 in revenue growth
THG PLC to apply to transfer to the Equity Shares (commercial companies) ("ESCC") category
Progressing options to demerge Ingenuity, resulting in a highly cash generative group.