Warpaint started 2020 strongly and, despite covid restrictions, delivered a resilient profit and cashflow performance over the rest of the year. H2 growth in the UK stands out, reflecting new distribution wins with major retailers. This is a core part of the strategy with further potential as retailers/consumers seek a strong value-led proposition. After a positive Q1, and with restrictions being lifted, we have reinstated forecasts. Given operating leverage a 10% 3-yr sales CAGR drives a 60% EP ....
28 Apr 2021
Outlook is bright, and more efficient post covid
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Outlook is bright, and more efficient post covid
Warpaint London PLC (W7L:LON) | 485 -24.3 (-1.0%) | Mkt Cap: 374.7m
- Published:
28 Apr 2021 -
Author:
Matthew McEachran -
Pages:
3
Warpaint started 2020 strongly and, despite covid restrictions, delivered a resilient profit and cashflow performance over the rest of the year. H2 growth in the UK stands out, reflecting new distribution wins with major retailers. This is a core part of the strategy with further potential as retailers/consumers seek a strong value-led proposition. After a positive Q1, and with restrictions being lifted, we have reinstated forecasts. Given operating leverage a 10% 3-yr sales CAGR drives a 60% EP ....