RE: What gets this to 90p18 Mar 2025 08:14
Maybe MM and the Chairman will deliver on all of their recent statements....?
"Post a demerger, the Group would consist of THG Beauty and THG Nutrition, two globally leading consumer businesses, which are highly profitable, cash generative and capable of paying dividends.".....
· Specifically, capital expenditure will reduce to c. £20m pa (FY 2024 pre Demerger guidance: £100m to £110m) and cash lease costs will reduce to c. £22m pa.
· Future cash generation will facilitate a measured reduction in gross and net leverage, with RemainCo targeting continued progression to a neutral net cash / net debt position.
'GROSS' leverage materially reduced, c. £550m[1] year-end cash and available facilities. The Group has strong liquidity with c. £400m of cash and £150m undrawn Revolving Credit Facility at the period end, ahead of the Demerger which completed on 2 January 2025.
“Our anticipated inclusion in the FTSE 250 marks an important moment in THG’s evolution following the demerger of THG Ingenuity,” said CEO, Moulding.
“As a global beauty, health and wellness consumer brands group, we continue to make significant progress against our strategic priorities.”
JAO Adyor!
https://www.lse.co.uk/rns/q4-2024-trading-statement-2tx8ubiykyr2qoi.html