The Hut Group profits soar as total sales exceed £1bn
The Hut Group profits have rocketed while total sales have surpassed £1bn driven by new brand acquisitions and investment in technology.
For the year ended December 31, 2019 the online health and beauty retailer reported a 22% increase in gross profit to £511m and a 22% climb in EBITDA to £111m.
Total group sales soared 24% to £1.14bn and showed particular strength in own brand and international sales.
During the period, the retailer also secured a new €1bn banking credit facility which it has pledged to spend on driving major investments in beauty, nutrition, technology and infrastructure.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.