Vitamins and beauty site help drive jump in Hut Group profits

 
Kasmira Jefford
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HUT

HUT Group, the online retailer that counts Sir Terry Leahy and Sir Stuart Rose among its backers, posted soaring sales yesterday boosted by two acquisitions earlier in the year.

Sales rose 54 per cent to £66.2m in the six months to 30 June as earnings before interest, tax, depreciation and amortisation rose to £4m from £300,000 in the same period last year.

The company said it has "successfully integrated” Lookfantastic, a luxury hair and beauty website, and Myprotein, which sells vitamins, after buying the two sites in the past 18 months.

The group, which also sells clothes, bags and toys said margins also improved after shifting away from less profitable categories, including music and books.

Some 44.1m shoppers visited its sites, up from 32m last year.