While the demand backdrop has been challenging, notably in self-tan, strategic prioritisation of reducing/eliminating losses has continued to advance following the successful integration of InnovaDerma, and realisation of targeted cost savings/synergies. The pre-tax loss in Jun’23 was £0.2m better than forecasts that were upgraded £0.5m in July. Sales and profit forecasts in Jun’24/Jun’25 remain unchanged today with costs and interest offsetting softer short term assumptions in Skinny Tan. We re ....
31 Oct 2023
Ongoing progress to refocus portfolio & profitability
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Ongoing progress to refocus portfolio & profitability
Brand Architekts Group plc (BAR:LON) | 28.5 0.6 8.0% | Mkt Cap: 7.96m
- Published:
31 Oct 2023 -
Author:
Matthew McEachran -
Pages:
3
While the demand backdrop has been challenging, notably in self-tan, strategic prioritisation of reducing/eliminating losses has continued to advance following the successful integration of InnovaDerma, and realisation of targeted cost savings/synergies. The pre-tax loss in Jun’23 was £0.2m better than forecasts that were upgraded £0.5m in July. Sales and profit forecasts in Jun’24/Jun’25 remain unchanged today with costs and interest offsetting softer short term assumptions in Skinny Tan. We re ....