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HARDMAN & CO RESEARCH Hardman & Co Research: Warpaint London Plc (W7L): FY'18 sales: remains profitable despite weak UK market

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24/04/2019 16:13

Hardman & Co Research
Hardman & Co Research: Warpaint London Plc (W7L): FY'18 sales: remains profitable despite weak UK market

24-Apr-2019 / 15:13 GMT/BST


Hardman & Co Research: FY'18 sales: remains profitable despite weak UK market

Warpaint, the UK-based colour cosmetics specialist, announced its full-year results for 2018. Revenue increased by 49.2% to £48.5m (FY'17: £32.5m); however, on a like-for-like basis, revenue was down 3.2% if we assume a full-year contribution from Retra in 2017. A weak UK retail market affected sales. Internationally, though, revenue increased by 8% on a like-for-like basis; growth was particularly strong in the US and Europe. Gross margin was down by 3.3% to 35.5% for FY'18 (FY'17: 38.8%) due to product mix sold across the group during the year. Cash generation remains healthy with free cashflow of ca.£3.9m in FY'18. Warpaint announced a full-year dividend of 4.4p, up 10% on FY'17.

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https://www.hardmanandco.com/research/corporate-research/fy18-sales-remains-profitable-despite-weak-uk-market/

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802953  24-Apr-2019 

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