THG profits surge despite sales slip
THG has posted an increase in profits for the full year and maintained its profit guidance despite a slip in sales driven by “action to discontinue loss making categories”.
Ecommerce giant THG, which owns Look Fantastic and MyProtein, posted group revenue of £2.05bn, down 8.7% year on year and a drop of 8.4% on a constant currency basis. Adjusted EBITDA for the year was up by 78%.
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