THG PLC (FRA:HG0)
€ 0.5405 0.015 (2.85%) Market Cap: 836.49 Mil Enterprise Value: 1.66 Bil PE Ratio: 0 PB Ratio: 0.68 GF Score: 47/100

Full Year 2020 THG PLC Earnings Call Transcript

Apr 15, 2021 / 08:00AM GMT
Release Date Price: €7.5 (-6.19%)
Matthew J. Moulding
THG Plc - CEO & Executive Chairman

Good morning, all. Thanks to everyone for joining us for our maiden full year results and Q1 trading update, which follows our successful listing on the London Stock Exchange in September of last year.

It's been a truly monumental year for THG. If anyone had told me 12 months ago, all the things we would be handling as a group over such a short period of time, I simply wouldn't have believed them. Key driver for our IPO was to provide us with the financial firepower to step up investment in our proposition, global infrastructure, technology and our brand portfolio. We were delighted by the strong reception to our IPO. Taken us 16 years to get to this point but we have a young, diverse management team who all passionately believe we are very early on, on this journey.

The year has, of course, been dominated by COVID and the dreadful toll it has taken. Pandemic by necessity cost all of us to spend much more time at home, which has changed permanently retail habits. This shift comes with responsibilities for all those that have

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