InnovaDerma released a trading update for the year ending 30 June 2019, indicating pre-tax profits more than doubling to c.£1.5m (in line with expectations) and with better-than-expected year-end cash in excess of £1.7m. Revenues are expected to be c.£13m, implying 21% growth for the full year and c.40% in H2, reflecting the normal H2 seasonality of Skinny Tan sales but also the additional impact of launching Skinny Tan into Boots stores in mid-March. After the understandabl
02 Jul 2019
InnovaDerma - Positive trading update
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
InnovaDerma - Positive trading update
- Published:
02 Jul 2019 -
Author:
Mark Brewer -
Pages:
6
InnovaDerma released a trading update for the year ending 30 June 2019, indicating pre-tax profits more than doubling to c.£1.5m (in line with expectations) and with better-than-expected year-end cash in excess of £1.7m. Revenues are expected to be c.£13m, implying 21% growth for the full year and c.40% in H2, reflecting the normal H2 seasonality of Skinny Tan sales but also the additional impact of launching Skinny Tan into Boots stores in mid-March. After the understandabl