Revolution Beauty have announced the acquisition of Medichem Manufacturing Ltd, exercising a call option that was flagged at the IPO. The acquisition is Revolution’s first and provides the Group with its own fully owned and vertically integrated manufacturing facility. The deal is expected to be significantly earnings enhancing in FY23E and beyond, reflected in a 15% upgrade to our FY23E and FY24E EPS forecasts today.

27 Oct 2021
Revolution Beauty (REVB LN) - Acquisition of Medichem

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Revolution Beauty (REVB LN) - Acquisition of Medichem
Revolution Beauty Group plc (REVB:LON) | 0 0 0.0% | Mkt Cap: 60.4m
- Published:
27 Oct 2021 -
Author:
Rachel Birkett, CFA -
Pages:
12 -
Revolution Beauty have announced the acquisition of Medichem Manufacturing Ltd, exercising a call option that was flagged at the IPO. The acquisition is Revolution’s first and provides the Group with its own fully owned and vertically integrated manufacturing facility. The deal is expected to be significantly earnings enhancing in FY23E and beyond, reflected in a 15% upgrade to our FY23E and FY24E EPS forecasts today.