• EBITDA up 33% to £30m
  • Group sales jump 35% to £334m
  • International sales now account for more than half of group sales 

The Hut Group has unveiled a 33% jump in full-year profits as international sales accounted for more than 50% of revenue for the first time.

The etailer, whose shareholders include Lord Rose and Sir Terry Leahy, said EBITDA in the year to December 31, 2015, hit £30m. Group sales jumped 35% to £334m.

Hut, which sells products ranging from footwear to protein shakes, launched 22 trading websites during the period to “extend its global reach”, taking its total number of websites to 72.

It led to international sales soaring 46% to £167m. 

Chief executive Matthew Moulding said: “I am pleased to report another landmark year for The Hut Group as we develop into a truly global business and major British export success, with international sales accounting for over 50% of our revenues for the first time.

“We have stepped up our investment in people, technology, logistics and marketing to support the significant global potential of the business.”

The group said it invested £12m in technology to drive “significant volumes of low cost and highly relevant traffic” to its websites.

The etailer also completed a £120m bespoke 1 million sq ft distribution and nutrition production centre in Warrington during the period.

It expects to generate an extra 2,000 new jobs over the next three years. 

Hut revealed last September it had agreed new loan terms with its banks to fund expansion and mergers and acquisitions.

 

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