(Corrects typographical error in paragraph 2)
April 21 (Reuters) – British e-commerce group THG reported its strongest first-quarter revenue growth since 2021 on Tuesday, supported by growth in its beauty and nutrition divisions.
Shares of the company were up nearly 10% post-results, making it the top gainer across all London stocks.
The company, which owns online beauty retailers Lookfantastic and Cult Beauty alongside sports nutrition brand Myprotein, reiterated its full-year cash flow guidance of 25 million pounds ($33.80 million) to 50 million pounds.
Here are some details:
o Total group revenue rose 7% to 393.1 million pounds in the quarter ended March 31.
o The company said it continues to monitor developments in the Middle East, with affected regions representing less than 1.5% of overall revenue in 2025, weighted towards THG Beauty; revenue hit around 30 bps in Q1.
o CEO Matthew Moulding said the company enters Q2 with confidence.
($1 = 0.7396 pounds)
(Reporting by Nithyashree R B in Bengaluru; Editing by Harikrishnan Nair)