Matt Moulding
Chief Executive Officer
Replay available
THG Plc (THG) Q2 2026 Earnings Call
THG Plc (LSE: THG) Q2 2026 earnings conference call, held 2026-09-10. Replay captured from the company's public earnings webcast.
Investor webinar replay
Meeting Overview The meeting focused on the H1 2026 results of THG, highlighting strong revenue growth, improved profitability, and enhanced cash flow. The discussion included insights into the strategic changes made within the company, particularly in the nutrition and beauty sectors, and the outlook for the remainder of the year. Key Discussion Points - Overview of H1 2026 performance, including revenue growth of 7.2% to £828.7 million. - Significant changes made to THG over the past few years, including simplification of the group and focus on core markets. - The impact of the de-merger of THG Ingenuity on the company's operational model. - Improvement in profitability with adjusted EBITDA reaching £42.8 million. - Strong performance in THG Nutrition and THG Beauty, with MyProtein becoming the world's number 1 sports nutrition brand by unit volume. - Updates on THG Nutrition's VAT claim and the structural shifts in the sports nutrition market. - The evolving landscape of the beau...
Latest press releases
- LSE:THG — Interim results for half-year ended 30 June 2026 · Thu, Sep 10, 2026
- LSE:THG — Capital Reduction Becomes Effective · Fri, Aug 7, 2026
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Featured Presenters
John Stinson
Analyst at Beedle Hunt
Replay transcript excerpt
Speaker 1: Good morning and thank you for joining us for our H1 2026 Speaker 1: results. Speaker 1: We've delivered a very strong 1st 0.5 with good revenue growth, a significant step up in profitability Speaker 1: and a much improved free cash flow position. Speaker 1: Just as importantly, Speaker 1: we're seeing clear evidence that the changes we've made to the group over recent years are now delivering. Speaker 1: This morning, I'll take you through the H1 performance, Speaker 1: the progress we're making on margins and cash flow and the key trends shaping both nutrition Speaker 1: and beauty. Speaker 1: I'll then finish with the outlook for the remainder of the year before we take questions. Speaker 1: Before getting into the numbers, I think it's worth spending a moment on how we've arrived here. Speaker 1: Over the past few years, we've made some significant Speaker 1: changes to THG. Speaker 1: Since 2022, Speaker 1: we've materially Speaker 1: simplified the group. We've sold non-core businesses, Speaker 1: reduced our geographic footprint, and focused our resources on fewer, larger markets where we have a proven right to win. Speaker 1: The de-merger of THG ingenuity Speaker 1: at the start of 2025 Speaker 1: was a major milestone in that journey. Speaker 1: It's transformed THG from a capex heavy, cash consumptive operating model into a capital like group focused on 2 market leading global businesses, Speaker 1: THG Nutrition and THG Beauty. Speaker 1: We've also demonstrated the significant unrecognized Speaker 1: value within the group. Speaker 1: The sale of Claremont ingredients for £103 Speaker 1: million Speaker 1: last year is a good example of this and we continue to consider similar opportunities Speaker 1: where they make sense. Speaker 1: Alongsid...