Warpaint London PLC Trading Update and Notice of Results (9681H)
06 Agosto 2019 - 1:00AM
UK Regulatory
TIDMW7L
RNS Number : 9681H
Warpaint London PLC
06 August 2019
6 August 2019
Warpaint London plc
("Warpaint London" or the "Company" or the "Group")
Trading Update and Notice of Results
Warpaint London plc (AIM: W7L), the specialist supplier of
colour cosmetics and owner of the W7 and Technic brands, provides a
trading update for the current financial year.
As reported at the time of the Company's AGM in May 2019, whilst
trading conditions remain challenging in the UK, the Company
continues to see encouraging international sales growth, in
particular in the EU and the US. The Board anticipates that Group
sales for the financial year to 31 December 2019 will be
approximately GBP50 million.
However, a number of factors including the geographic mix of
sales, adverse exchange rate movements and the Group's investment
in its strategy for future growth, particularly in the US, are
having an impact on profitability in the current financial year.
Consequently, the Company's board currently expects adjusted profit
before tax for the year ending 31 December 2019 (excluding
amortisation in connection with acquisitions, share incentive
scheme costs and exceptional items, which the board expects to
total approximately GBP2.8 million) will be in the range of GBP6
million to GBP7 million.
The Group continues to have a robust balance sheet and to
actively implement its strategy for growth.
A further update on current trading will be provided at the time
of release of the Company's interim results for the six months to
30 June 2019, which will be announced on 18 September 2019.
Enquiries:
Warpaint London c/o IFC
Sam Bazini - Joint Chief Executive Officer
Eoin Macleod - Joint Chief Executive Officer
Neil Rodol - Chief Financial Officer
Shore Capital (Nominated Adviser and Broker)
Antonio Bossi - Corporate Finance
Fiona Conroy - Corporate Broking 020 7408 4090
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Heather Armstrong
Florence Chandler 020 3934 6630
Warpaint London plc
Warpaint London is a colour cosmetics business, based in Iver,
Buckinghamshire. It is made up of two divisions: own brand and
close-out. The larger own brand division primarily consists of the
Group's flagship brand, W7, together with the Technic, Body
Collection and Man'stuff brands acquired through the acquisition of
Retra Holdings in 2017.
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END
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