THG sales leap as boss Moulding looks to rebuild investor confidence

Matt Moulding_DSF7917

The Hut Group (THG) has reported increasing revenues across its different categories and Ingenuity platform as boss Matt Moulding looks to win back fleeing investors.

For the third quarter ending September 30, 2021, THG reported a 38% increase in group revenues to £507.8m. 

Trading was driven by strong sales performances from its health and beauty and Ingenuity platforms, which reported a 57.2% increase to £247.6m and a 44.1% jump to £51.1m respectively. 

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