British e-commerce company The Hut Group said on Thursday its first quarter was ahead of expectations, after adding nearly 11 million new customers

The British retailer said it now expects 2021 revenue to be between 30 percent and 35 percent higher than 2020 revenue of about £1.61 billion.

The market proved resilient through WHO warnings of a Covid spike in Europe, huge uncertainty over Brexit and the US elections, and the collapse of the sector’s biggest deal, as investors set their eyes on 2021.

The Hut Group raised £1.9 billion ($2.4 billion) in the biggest listing on the London Stock Exchange since June 2017.

The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.

The worst quarter in the history of the modern luxury business was also its best ever for digital sales.