The Hut Group sales and profits soar in ‘landmark year’
The Hut Group has posted an uplift in full-year sales and profits bolstered by international growth as the retailer scaled up investments across its brands and technology.
The beauty and wellbeing etail group posted a 31% boost in EBITDA to £91m in the year to December 31, 2018, driven by a 24% surge in group sales to £916m.
International sales comprised 66% of overall sales during the period, while 59% of sales came from the group’s in-house brands.
The retailer ploughed £180m worth of investments into its technology, infrastructure and beauty brand portfolio, spurred by the business increasing its banking facility to £795m during the year.
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