Australia's Adore Beauty climbs on positive FY results

Adore Beauty

26/08/2024 04:00

** Shares of online beauty retailer Adore Beauty  ABY.AX 
climb as much as 7.3% to A$1.180
    ** Co reports FY24 EBITDA of A$4.8 mln ($3.3 mln), up
seven-fold from the previous corresponding period
    ** Says revenue in the first seven weeks of FY25 is up 7%
    ** Adds it is targeting EBITDA margin of 4%-5% in FY25 
    ** Stock has fallen 21.4% this year, as of last close

($1 = 1.4736 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))