Warpaint London logo

W7L - Warpaint London News Story

159p -1.0  -0.6%

Last Trade - 23/07/21

Sector
Consumer Defensives
Size
Small Cap
Market Cap £122.0m
Enterprise Value £121.1m
Revenue £40.3m
Position in Universe 987th / 1805

Warpaint London PLC - AGM Statement

Fri 26th June, 2020 7:00am
RNS Number : 1413R
Warpaint London PLC
26 June 2020
 

26 June 2020

 

Warpaint London PLC

("Warpaint", the "Company" or the "Group")

AGM Statement

Warpaint London plc, the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, announces that at the Annual General Meeting ("AGM") of the Company to be held at 11am today, Clive Garston, Chairman of the Company, will make the following statement:

 

"Whilst trading conditions remain challenging as a result of the COVID-19 pandemic, sales in the first half of 2020 have been at a higher level than anticipated, albeit significantly below the first half of 2019.  There has been an improvement in margin, no erosion of cash and a positive EBITDA for the first 6 months of the current year.

 

"The Group has a sound financial footing and we are actively implementing our strategy for growth.  We look forward to the remainder of the year with cautious optimism."

 

Enquiries:

Warpaint London

Sam Bazini - Chief Executive Officer

Eoin Macleod - Managing Director

Neil Rodol - Chief Financial Officer

c/o IFC

 

 

Shore Capital (Nominated Adviser and Joint Broker)

Antonio Bossi - Corporate Advisory

Daniel Bush - Corporate Advisory

Fiona Conroy - Corporate Broking

 

 

020 7408 4090

N+1 Singer (Joint Broker)

Shaun Dobson - Corporate Finance
Alex Bond - Corporate Finance

020 7496 3000

 

IFC Advisory (Financial PR & IR)

Tim Metcalfe

Graham Herring

Florence Chandler

020 3934 6630

 

 

Notes to editors:

Warpaint London plc

Warpaint London plc is made up of two divisions.

The largest division sells cosmetics under the lead brand names of W7, Technic and Body Collection. 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, this division supplies own brand white label cosmetics produced for several major high street retailers. The Group also sells cosmetics using our other brand names of Man'stuff, Vintage, Very Vegan and Chit Chat.

The other division trades in close-out and inventory of branded cosmetics and fragrances from around the world.

 

 

 

 


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