The Hut Group posts record sales as profits rise

The Hut Group chief executive Matt Moulding (photo credit: Peter Searle)

Source: Photo: Peter Searle

The Hut Group (THG) has recorded a rise in both profits and revenues in its full-year results as the online retailer and tech platform clarified ongoing speculation around a potential sale of the group.

The tech platform and beauty retailer reported adjusted EBITDA up 7% year on year to £161.3m for the financial year ended December 31, 2021.

Sales rose by 35.1% year on year to reach £2.18bn.

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