Interim report
Page 1
RNS Number : 9316L THG PLC 16 September 2021 16 September 2021 Group revenue of £ 958.8m , + 44.7 % YoY and + 95.0 % 2 year growth ( constant currency ) , with THG Beauty H1 revenue a highlight at + 59.0 % YoY growth . Adjusted Group EBITDA of £ 81.2m , + 38.6 % on H1 2020 Ahead of schedule for both the technical separation of each of the Group's key trading divisions and the exercise of the SB Management Limited ( " SBM " ) Ingenuity investment option in 2022 Announcing today that THG Beauty is to be separated and listed on a public share - trading exchange in 2022 Nine companies across the SoftBank Group Corp. ( " SoftBank " ) portfolio , including AutoStore , are partnering with THG Ingenuity , driving increased THG revenue and enhanced platform functionality , with a healthy pipeline going forward underpinning the collaboration agreement Interim results for the half - year ending 30 June 2021 Launch of FIR / ST , a global - innovation combining AutoStore's automated storage and recovery system with THG Ingenuity's warehouse management and courier system , creating a single , headless , end - to end global fulfilment software solution 50 end - to - end , fully localised and serviced websites launched across 22 territories for existing and new THG Ingenuity clients , with over 95 % of clients utilising THG's global fulfilment network , delivering + 165.5 % revenue growth in H1 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 2021 ( " H1 2021 " ) . H1 2021 Group Trading Performance £ m THG Beauty THG Nutrition THG Ingenuity THG OnDemand Other Group Revenue Gross Margin % ( 3 ) Adj EBITDA ( 4 ) Adj EBITDA % Net Cash / ( Debt ) ( 5 ) Ingenuity Revenue Commerce THG PLC H1 2021 460.8 328.4 85.8 51.6 32.2 958.8 46.5 % 81.2 8.5 % 384.6 18.3 H1 2020 295.6 258.0 61.4 35.4 25.3 675.7 45.2 % 58.6 8.7 % 282.8 6.9 YOY ( ¹ ) Growth + 55.9 % + 27.3 % + 39.7 % + 45.6 % + 27.3 % + 41.9 % + 38.6 % + 165.5 % YoY Growth CCY ( 2 ) 2 Year Growth 2 Year Growth CCY + 59.0 % + 142.2 % + 145.8 % + 30.2 % + 66.1 % + 67.3 % + 42.5 % + 40.5 % + 43.9 % + 48.7 % + 133.5 % + 136.2 % + 22.4 % + 22.4 % + 16.8 % + 44.7 % + 92.7 % + 95.0 % + 165.5 % + 621.2 % + 621.2 % ( 1 ) YoY defined as year - on - year statutory sales growth ( 2 ) CCY defined as constant currency basis . Removing fluctuations arising from translation of foreign exchange by restating prior year numbers at current year exchange rates