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TBTG — Beauty Tech group News Story

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UK's Beauty Tech Group jumps on annual core profit guidance, share buyback

BUZZ-UK's Beauty Tech Group jumps on annual core profit guidance, share buyback

** Shares of British at-home beauty device maker The Beauty Tech Group TBTG.L up 12.6% at 394p, top gainer on FTSE Small Cap index .FTSC

** Now expects FY Adj EBITDA to be ahead of its prior guidance, and to be no less than £48.5 mln vs prior guidance of no less than £45 mln

** Co announces £20 mln share buyback programme

** Board remains confident in delivering FY Rev in line with the upgraded guidance announced on 7 July of no less than £170 mln

** YTD, stock moved up about 36%


(Reporting by Jahanvi Kothari in Bengaluru)

((jahanvi.kothari@thomsonreuters.com))

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