|Bid||668.50 x N/A|
|Ask||669.50 x N/A|
|Day's range||657.00 - 676.50|
|52-week range||6.55 - 837.80|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||15 Apr 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The Hut Group CEO donates £100m to charitable foundation. Matthew Moulding became a billionaire after the company’s successful stock market flotation
The Hut Group has lured millions of new customers to its stable of brands as demand for the company's beauty products and protein powders soared - but its much-hyped technology platform has failed to notch up quite the same stellar growth as its other divisions. The retailer-cum-technology company posted record sales of £1.6bn, up 41pc for 2020. Underlying profits jumped more than a third to £151m, although one-off costs pushed it to a loss of more than half a billion pounds. Those charges relate to its blockbuster £5bn stock market listing in September, including bankers’ fees of £14.3m, and paying employees in full while on furlough. The company also owns a handful of swanky hotels that it had to close during lockdowns. Investors bought heavily into the Hut Group because of high hopes for its white-label technology arm, THG Ingenuity, which helps other firms to sell online. However, this division lagged behind other operations with growth of only 7pc. Matthew Moulding, the company's self-effacing boss and co-founder, said he was “feeling a bit frazzled” after updating the City. The billionaire is still adjusting to life as a listed company. “The market was expecting everything we had in those results, strong underlying profit, cash generation was strong, our tech services were really strong,” he said.
Matthew Moulding and his family established The Moulding Foundation in 2020.