The firm, which floated at 500p per share in September and is led by founder Moulding, also announced a number of new partnerships it has inked within its ‘ingenuity’ division, such as with skincare brand Erborian and fragrance brand Creed.
Its ingenuity division provides a direct to consumer digital service for firms, including hosting websites, creating content and translating sites for different countries.
The company, which late last year revealed a deal to buy US online skincare retailer Dermstore for £259 million, expects revenue growth in 2021 to be between 30% and 35% higher.
It had previously guided 20% to 25% growth.
Shares in The Hut Group improved 14.2p to 804.2p.
In a separate update, THG showed how it is making moves to improve its corporate governance.
It said Tiffany Hall has been appointed as an independent non-executive director. She is a NED at discount retailer B&M and has previously been chair of the remuneration committee at Howden Joinery.
It also added two new members to its special advisory panel which was set up to bolster its non-executive directors in 2020.
The company has been criticised because founder Moulding is both chief executive and chairman and holds a “golden share”, granting him extra voting power.
