7 Mar 2025 18:15
Huddled Group plc
Β
("Huddled", the "Company" or the "Group")
Β
February Trading Update
Β
Huddled Group plc (AIM:HUD), the circular economy e-commerce group, wishes to draw shareholders' attention to a video update on trading from Martin Higginson, CEO.
Β
The video will be posted shortly on the Company's profile on X (x.com/huddledgroup).
Β
In the video, Martin provides the following updates:
Β
Β· In February 2025, the Group received just under 48,000 orders, generating revenue of circa Β£1.5m, and attracted over 24,000 new customers across its three core brands.
Β
Β· In the first six days of March 2025, the Group has received circa 11,000 orders and over Β£350,000 in revenue.
Β
Β· The additional warehouse space the Group has secured is not expected to be fully operational until late April/early May. The focus in the interim period is sustainable growth to ensure no degradation of service quality.
Β
The board of Huddled are pleased with the progress the Group has made to date in 2025 and are keen to provide shareholders with more regular updates.
Β
Martin Higginson, Huddled Group plc CEO said: "We've still got loads more to do, especially in the warehouse as we continue to onboard the additional floor. It's now about controlled growth - we know the levers we need to pull to generate more traffic and customers, it's just doing it in a way that doesn't flood the warehouse, and ensures our customers continue to get a first class service, great surplus products at incredible prices delivered in a timely manner."
Β
Β
Enquiries:
For further information please visitΒ www.huddled.com/investors, or contact:
Β
Huddled Group plc Martin Higginson Daniel Wortley Β | investors@huddled.com |
Zeus (Nominated Adviser and Sole Broker) Nick Cowles, James Hornigold, Alex Campbell-Harris Dominic King | Tel + 44 (0) 203 829 5000 (Investment Banking) (Corporate Broking) Β |
Alma Strategic Communications (Financial PR) Rebecca Sanders-Hewett Sam Modlin Kieran Breheny | huddled@almastrategic.com Β |
Β
Follow the stocks