THG 2019 Year-End Report Show Sales Surpass £1bn For Record Growth
Our 2019 end results are in and we couldn’t be prouder to be part of such a monumental company. As the technology branch of a major international retail company, The Hut Group (THG). Our innovation and growth have helped achieve our yearly goals.
After more than 20 years of learning, investing, and planning, our hosting expertise now supports one of the largest private companies in Britain. As a global leader in technology, our +400 in-house technical experts delivered more than £37m worth of platform enhancements in 2019 alone. Read below to learn more about how the success of THG will help support your future hosting experience.
The Hut Group, THG Hosting’s parent conglomerate, recently announced year-end results. You can see a summary below or the full report here.
A year of growth, success, and expansion
The report states that total group sales are up 24% from 2018, a total of £1,140m, demonstrating that THG as a whole is on the rise. However, our International sales demonstrate that much of this growth is occurring outside the UK now account for 66% of sales.
Planning for the future
Additionally, the report confirms plans for new financing facilities of €1bn as a major investment in Beauty, Nutrition, Technology, and Infrastructure. This investment allows us to explore new data regions to add to our data center global footprint. It also lets us continue to invest in our infrastructure and network hardware. Our commitment to our clients includes constantly evolving to include the most up-to-date equipment possible to invest in your continued innovation and growth.
THG takes flight
In addition to the purchase of two prestigious properties, THG recently exchanged contracts with Airport City Manchester to create a new global headquarters campus called ‘THQ’. This new facility is located adjacent to the UK’’s third largest airport. The first phase construction will total 288,000 square feet with plans to expand to 1 million square feet.
THG’s recent partnership with Singapore Air allows us to focus on international growth. Currently, our global footprint includes trading in more than 40 currencies. We support more than 50 payment options in 169 countries.
Putting people first
2019 saw the creation of more than 1,500 new jobs within THG. This addition expands our total workforce to more than 7,000 employees. What’s more, is that our planned construction allows for the hire of 10,000 more in the near future. According to the report, we “created more than 500 new positions across its manufacturing and distribution sites with a particular focus on applicants in the North West who had lost their jobs as a result of the economic pressures surrounding the Covid-19 outbreak.”
The report states, “Over 20% of THG’s share capital has been awarded to employees since the Group was founded, demonstrating THG’s commitment to people and staff sharing in the value they help to generate; and increased capital investment across Technology & Infrastructure projects, including Manufacturing, Logistics, and Offices – totaling more than £1bn since 2016.”
Statement from CEO and Founder, Matthew Moulding
“It has been a year of significant progress across the Group. We have continued to make huge investments to develop our infrastructure, technology, brands, and people, which continue to deliver substantial growth, with Group Sales of £1.1bn in 2019.
“THG has continued to develop our end-to-end technology platform, THG Ingenuity, which powers both our own brands and a growing number of major global consumer groups. We have significantly expanded our global fulfillment capability, broadening our reach to customers in 169 countries. THG has also made important investments in our THG Experience portfolio, expanding the offering of our influencer platform, bringing over 5,000 influencers currently to both our own and our partner brands.
“Our people are the key to our success, and we have continued to invest in our talented teams. The development of the THQ business campus continues at pace and demonstrates our commitment to investing in our people. THG has an excellent platform for growth with an outstanding portfolio of prestigious brands, powered by THG Ingenuity.”
End-to-end ecommerce: THG Ingenuity
THG Hosting is the technology arm of THG. As part of THG Ingenuity, we are thrilled with the recently yearly findings. This success allows us to focus on the future. Our gaze is focused on how we can continue to provide industry-leading infrastructure to help clients reach their goals. THG’s continuous investment in technology is setting a foundation for our exponential future expansion, investment, and development.
Where do you want to go?
Partner with THG Hosting as your web hosting solution provider. Our expansive network, flawless support, +30 data center locations, and unbeatable prices help our clients reach their goals for 2020 and beyond. Call us today to start building a customized solution for your success. Our solutions architects will gladly provide a completely free quote. We can even rack a test server to help you take our network for a test drive. What are you waiting for? Let’s get started today!