THG issues profit warning as it sells nutrition product supplier
THG has warned on profits for the first half of the year, at the same time as announcing it has divested one of its nutrition suppliers after receiving a “highly competitive offer”.
In a trading update on its first half performance, THG said adjusted EBITDA would be £24m, down from £37.1m in 2024, which reflected “substantially higher whey pricing year on year” for its nutrition arm.
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