By Helena Smolak
THG said it completed a spinoff of its logistics business THG Ingenuity as part of a plan to increase shareholder value, as it reported lower revenue in the fourth quarter.
The U.K. e-commerce company--known as The Hut Group--said Thursday that its fourth-quarter revenue fell 7.1% to 565.9 million pounds ($697 million), weighed down by lower sales in its nutrition division.
Its 2024 adjusted earnings before interest, taxes, depreciation and amortization--a company preferred metric that strips out exceptional and other one-off items--is expected to be in line with expectations of 127.8 million pounds, according to a company-compiled consensus.
Separately, the company transferred the listing category of all its ordinary shares to the equity shares commercial companies category of the London Stock Exchange's official list. THG said this would enable ordinary shares to be considered for inclusion in the FTSE U.K. index series.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
January 23, 2025 02:48 ET (07:48 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。