THG posts sales dip but remains on track for full year after Ingenuity split

THG brand products

Ecommerce giant THG, which owns the likes of Look Fantastic, MyProtein, and Cult Beauty, has reported a dip in sales for the fourth quarter but said it expects full year adjusted EBITDA to be “in line” with expectations in its first update since demerging its technology platform Ingenuity.

For the fourth quarter to December 31, 2024, THG reported a 2.6% decline in group revenue year on year of £552.4m.

 

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