Strong export growth has helped sales rise by a third to more than £330m at the Hut Group (THG), the Northwich-headquartered online retailer whose websites include Myprotein, Lookfantastic and MyBag.
THG has posted sales of £334m in the 2015 calendar year, up by 35 per cent on a year earlier. International sales climbed by 46 per cent to £167m over the same period, meaning that exports now account for more than 50 per cent of group sales.
Meanwhile, earnings before, interest, taxes, depreciation and amortisation rose by 33 per cent to £30m.
The business also reported continued strong cash generation, with £42.2m of cash generated from operating activities in 2015 compared to £38.2m in 2014, and a year-end cash position of £141.5m as opposed to £54.6m in the prior year. In addition, the group bought back £20.3m of shares in 2015, taking total share buy-backs to £41.9m over the last two years.
During the year, THG completed the £120m bespoke design-and-build 1m sq ft distribution and nutrition production centre in Warrington.