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E-tailer The Hut sees sales and earnings surge

26th September 2012

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Matt Moulding, founder and chief executive of The Hut Group

Matt Moulding, founder and chief executive of The Hut Group

THE HUT Group, the fast-growing Cheshire e-tailer has reported surging first half sales and earning figures.

The Northwich company, which operates 15 branded leisure, lifestyle and entertainment website, said revenue, boosted by acquisitions, in the six months to the end of June had surged 54% to £66.2m.

Ebitda for the group, which counts retail grandees Sir Stuart Rose and former Tesco supremo Sir Terry Leahy among its shareholders, rose from £300,000 to £4m.

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