Warpaint London PLC Trading Update (0105T)
10 11월 2023 - 4:00PM
UK Regulatory
TIDMW7L
RNS Number : 0105T
Warpaint London PLC
10 November 2023
10 November 2023
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
Trading Update
Strong trading performance continues and results for the year
ending 31 December 2023 now expected to be ahead of market
expectations
Warpaint London plc (AIM: W7L), the specialist supplier of
colour cosmetics and owner of the W7 and Technic brands, is pleased
to provide an update on current trading.
The Company announced on 20 September 2023, with its results for
the six months ended 30 June 2023, that the Group had traded
strongly post period end. The Company is pleased to report that the
strong trading has continued, with significant growth in all
geographic areas, and consequently the results for the year ending
31 December 2023 are now expected to be ahead of market
expectations.
Group sales for the year ending 31 December 2023 are now
expected to be at least GBP85 million (2022: GBP64.1 million), with
the key pre-Christmas sales period for the Group still ongoing. The
Group's gross product margin remains robust and continues to be at
a level in excess of that achieved in 2022. Profit before tax for
the year ending 31 December 2023 is now expected to be in excess of
GBP16 million (2022: GBP7.7 million).
The Group's expansion strategy continues, with further scheduled
launches in 2023 and 2024 with new major retailers and the
expansion of the range of products stocked with certain existing
customers. Launches in November 2023 include a range of W7 products
in 400 Etos stores in the Netherlands and 100 Watsons stores in the
Philippines, together with a range of Technic products being
launched in over 200 Wibra stores in the Netherlands. Further
expansion is also scheduled with existing retailers, including W7
being stocked in an additional 372 CVS stores in the US and 102
Boots stores in the UK during Q1 2024.
Enquiries:
Warpaint London c/o IFC
Sam Bazini - Chief Executive Officer
Eoin Macleod - Managing Director
Neil Rodol - Chief Financial Officer
Shore Capital (Nominated Adviser & Broker)
Patrick Castle, Daniel Bush - Corporate
Advisory
Fiona Conroy - Corporate Broking 020 7408 4090
IFC Advisory (Financial PR & IR)
Tim Metcalfe, Graham Herring, Florence
Chandler 020 3934 6630
Warpaint London plc
Warpaint sells branded cosmetics under the lead brand names of
W7 and Technic. W7 is sold in the UK primarily to retailers and
internationally to local distributors or retail chains. The Technic
brand is sold in the UK and continental Europe with a significant
focus on the gifting market, principally for high street retailers
and supermarkets. In addition, Warpaint supplies own brand white
label cosmetics produced for several major high street retailers.
The Group also sells cosmetics using its other brand names of
Man'stuff, Body Collection and Chit Chat.
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END
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(END) Dow Jones Newswires
November 10, 2023 02:00 ET (07:00 GMT)
Warpaint London (LSE:W7L)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Warpaint London (LSE:W7L)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024