THG PLC (LSE:THG)

£ 0.4782 0.0296 (6.6%) Market Cap: 729.62 Mil Enterprise Value: 1.41 Bil PE Ratio: 0 PB Ratio: 0.66 GF Score: 47/100

Q3 2020 THG PLC Trading Update Call Transcript

Oct 26, 2020 / 08:30AM GMT

Transcript

Matthew J. Moulding

THG Plc - CEO & Executive Chairman

Good morning, everyone. We are very excited to be releasing our first update as a listed company today, and thank you for taking the time to join us for our Q3 update call. I am Matt Moulding, Executive Chairman and CEO of The Hut Group; and I'm joined this morning by John Gallemore, our Group CFO; Steve Whitehead, our Group Commercial Director; and Matt Rothwell, Deputy Group CFO. I'm going to take you through the key messages from our Q3 update, and then we will take any Q&A, which you can submit via the webcast.

In terms of the Q3 highlights, we are really pleased with how the group has performed during the quarter, delivering strong sales growth across all our business units, which is leading us to upgrade our guidance for the full year today. We're especially pleased to be doing this in view of the fact we've delivered an IPO at the end of this quarter. Overall, group sales are up 39% in the quarter, ahead of the 36% growth seen in the first half of the year. The strong growth has been driven across all divisions. Online direct

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