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Birmingham Post
Birmingham Post
Business
Jon Robinson

Revenue passes £2bn at Matthew Moulding's THG but profit margins to miss market expectations

THG United States

Revenue surged past the £2bn mark at beauty, wellbeing and software giant THG during 2021, while the group expects a further 25% increase in 2022.

The Manchester-headquartered company has reported a revenue of £2.178bn for the 12 months to December 31, 2021, up from the £1.613bn it posted in 2020.

Its beauty division's revenue increased from £751.6m to £1.116bn, nutrition went up from £562.3m to £659.5m, THG OnDemand rose from £101.3m to £128.1m while THG Ingenuity jumped from £137.3m to £194.3m.

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