×
2 518
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots-Liverpool Street, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots-Handforth Dean, Wilmslow - 15 Hours / Week - Part Time, Permanent
Permanent · Wilmslow
ESTÉE LAUDER
Clinique - Consultant - Bentalls, Kingston- 21.5 Hours / 3 Days / Week - Part Time, Permanent
Permanent · Kingston upon Thames
ESTÉE LAUDER
la Mer - Business Manager - Flannels, Meadowhall - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - Boots - Cribbs Causeway, Bristol - 17.5 Hours / 3 Days - Part Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots, Warrington - 17 Hours - Part Time, Permanent
Permanent · Warrington
ESTÉE LAUDER
The Estée Lauder Companies - IT Service Desk Manager UK
Permanent · Fareham
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part Time, Permanent
Permanent · Bishop's Stortford
JOHN LEWIS
Contract Sales Manager
Permanent · DARWEN
PUMA
Cobra Puma Golf - Sales Support Coordinator
Permanent · Castleford
JOHN LEWIS
Loss Prevention Partner
Permanent · LEICESTER
HEAD OFFICE
Team Manager/Chef Victoria Head Office
Permanent · LONDON
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
DR. MARTENS
Finance Analyst
Permanent · LONDON
MULBERRY
Lifetime Service Centre, Raw Materials Stock Coordinator
Permanent · CHILCOMPTON
AUTUMNPAPER LIMITED
Alexander Mcqueen Vip Officer
Permanent · LONDON
AUTUMNPAPER LIMITED
Alexander Mcqueen Decision Intelligence Manager
Permanent · LONDON
ON RUNNING
Technical Representative
Permanent · LONDON
DEBENHAMS
Business Development Manager
Permanent · LONDON
Ads
Published
Jan 18, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

THG has strong Q4 as Beauty and Ingenuity units soar, but margin forecast disappoints

Published
Jan 18, 2022

THG’s Q4 trading update on Tuesday showed that the group’s shares may have been under heavy pressure in recent months but its sales continue to soar.


The Hut Group



In the last three months of 2021, group revenue rose 29.7% on the year and 95.7% against two years ago to reach £711.7 million.

And it expects “strong” revenue growth for this year, forecasting a rise of between 22% and 25%, including £108 million to £112 million in revenue for its Ingenuity Commerce third-party e-tail solutions business.

Looking at the individual divisions in Q4, its largest business — THG Beauty — saw revenue rising 36.7% on the year to £407.9 million, which was a 127.4% rise on two years ago.

THG Ingenuity rose 10.9% on the year to £46.5 million and 101.1% on a two-year basis. Within this, Ingenuity commerce revenue more than doubled in a year to £15.4 million and was up 415% over two years. 

For the full year, group revenue soared 35% to £2.178 billion and was up 91.1% over two years. THG Beauty rose 48.5% on the year to £1.116 billion and was up 133.4% compared to 2019. THG Ingenuity rose 41.4% in a year to £194.3 million and 51.8% in two years. And Ingenuity Commerce was up 135.2% in a year to £45.4 million and up 512.3% in two years.

Those were all impressive figures, but the company's struggling share price still dipped further in early morning trading as it missed analysts' expectations on margins.

But it said that while the early part of 2022 is “expected to be a more challenging comparable period due to global lockdowns in H1 2021”, and higher commodity prices, the board expects adjusted EBITDA margins to improve throughout the year. This will come as it sees the benefits of 2021 investments in automation offsetting inflationary pressures, in addition to the increasing mix of revenues generated from Ingenuity Commerce. 

And CEO Matthew Moulding was upbeat overall. He said:The operational resilience and performance of our Ingenuity infrastructure was a highlight, dispatching over one million units per day at peak periods. The investment we have made in automation in the UK delivered year-on-year efficiencies, and we are on track to launch our first AutoStore facility in the US during Q2 2022, supplementing the six warehouses added to the network across three continents during 2021. The new year has started well, and we remain confident in delivering our strategic growth plans during 2022 and beyond.”

Momentum coming into 2022 “remains strong across the group following an acceleration in organic revenue growth in Q4 vs. Q3 2021 and with a substantial pipeline of site launches within THG Ingenuity”. 

Copyright © 2022 FashionNetwork.com All rights reserved.