Business
Interim results for the half-year ending 30 Jun 22
Interim results for the half-year ending 30 Jun 22.
About this update from Thg Plc
[{"type":"text","content":"\n \n \n \n This announcement contains inside information\n \n \n \n \n \n \n \n \n \n 15 September 2022\n \n \n \n \n \n \n \n \n \n THG PLC\n \n \n \n \n \n \n \n \n \n Interim results for the half-year ending 30 June 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Substantial progress as we continue to build a strong, sustainable global platform supporting THG brands and Ingenuity clients\n \n \n \n \n \n \n \n \n \n Record revenue performance of £1.1bn in H1, underpinned by stable customer behaviour metrics driving market share gains in large Beauty and Nutrition markets\n \n \n \n \n \n \n \n \n \n Adjusted EBITDA of £32.3m, with operating loss of £89.2m reflecting consumer price protection investment strategy. Medium term guidance reiterated with cost efficiencies and commodity price improvements supporting margin recovery in H2 and 2023\n \n \n \n \n \n \n \n Robust cash on hand of £266m plus undrawn £170m RCF. £156m credit approved banking facility and agreed disposal of £44m non-core freehold asset will further strengthen the Group's balance sheet\n \n \n \n \n \n \n \n \n \n Governance progress with appointment of experienced independent non-executives\n \n \n \n \n \n \n \n \n \n \n \n \n \n THG PLC (\"THG\" or the \"Group\"), the proprietary technology platform specialising in taking brands direct to consumers (\"D2C\") globally, announces its interim results for the half-year ending 30 June 2022 (\"H1 2022\").\n \n \n \n \n \n \n \n \n \n H1 2022 Group Trading Performance\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n \n \n H1 2022\n \n \n \n \n \n \n H1 2021\n \n \n \n \n \n \n YoY1\n \n \n \n \n Growth\n \n \n \n \n \n \n \n \n \n \n \n \n \n YoY Growth CCY2\n \n \n \n \n \n \n 2 Year\n \n \n \n \n Growth\n \n \n \n \n \n \n 2 Year Growth CCY\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n THG Beauty\n \n \n \n \n 552.8\n \...