REG - Huddled Group PLC - February Trading Update

HuddledAnnouncement

07/03/2025 18:15

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RNS Number : 9021Z  Huddled Group PLC  07 March 2025

Huddled Group plc

 

("Huddled", the "Company" or the "Group")

 

February Trading Update

 

Huddled Group plc (AIM:HUD), the circular economy e-commerce group, wishes to
draw shareholders' attention to a video update on trading from Martin
Higginson, CEO.

 

The video will be posted shortly on the Company's profile on X
(x.com/huddledgroup).

 

In the video, Martin provides the following updates:

 

·    In February 2025, the Group received just under 48,000 orders,
generating revenue of circa £1.5m, and attracted over 24,000 new customers
across its three core brands.

 

·    In the first six days of March 2025, the Group has received circa
11,000 orders and over £350,000 in revenue.

 

·    The additional warehouse space the Group has secured is not expected
to be fully operational until late April/early May. The focus in the interim
period is sustainable growth to ensure no degradation of service quality.

 

The board of Huddled are pleased with the progress the Group has made to date
in 2025 and are keen to provide shareholders with more regular updates.

 

Martin Higginson, Huddled Group plc CEO said: "We've still got loads more to
do, especially in the warehouse as we continue to onboard the additional
floor. It's now about controlled growth - we know the levers we need to pull
to generate more traffic and customers, it's just doing it in a way that
doesn't flood the warehouse, and ensures our customers continue to get a first
class service, great surplus products at incredible prices delivered in a
timely manner."

 

 

Enquiries:

For further information please visit www.huddled.com/investors, or contact:

 

 Huddled Group plc                                    investors@huddled.com

 Martin Higginson

 Daniel Wortley

 Zeus (Nominated Adviser and Sole Broker)             Tel + 44 (0) 203 829 5000

 Nick Cowles, James Hornigold, Alex Campbell-Harris   (Investment Banking)

 Dominic King                                         (Corporate Broking)

 Alma Strategic Communications (Financial PR)         huddled@almastrategic.com

 Rebecca Sanders-Hewett

 Sam Modlin

 Kieran Breheny

 

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