Warpaint has issued a brief, but positive, update alongside its AGM today. Sales have been at a higher level than anticipated in H1, albeit significantly below the prior year due to the pandemic. In line with management’s original ambitions, there has been an improvement in gross margin. Together with lower costs, which the furlough scheme has contributed towards, this has helped the group deliver a positive EBITDA in the half, with no erosion of cash. This is a good outcome and ahead of general ....
26 Jun 2020
Encouraging milestone after positive H1 EBITDA and no erosion of cash
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Encouraging milestone after positive H1 EBITDA and no erosion of cash
Warpaint London PLC (W7L:LON) | 495 123.7 5.3% | Mkt Cap: 382.4m
- Published:
26 Jun 2020 -
Author:
Matthew McEachran -
Pages:
3
Warpaint has issued a brief, but positive, update alongside its AGM today. Sales have been at a higher level than anticipated in H1, albeit significantly below the prior year due to the pandemic. In line with management’s original ambitions, there has been an improvement in gross margin. Together with lower costs, which the furlough scheme has contributed towards, this has helped the group deliver a positive EBITDA in the half, with no erosion of cash. This is a good outcome and ahead of general ....