Full-year results to June 2018 are expected to be below our previous forecasts of £13.5m of revenue and £2.2m of adjusted pre-tax profit. This has been mainly driven by lower-than-expected orders placed by Superdrug for Skinny Tan in Q2 2018, despite the brand’s continued strong in-market growth. Whilst the company indicates that revenues should be substantially higher in 2018 than in FY 2017, pre-tax profits are expected to be similar to last year. Consequently, we are putt
09 Mar 2018
Trading update
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Trading update
- Published:
09 Mar 2018 -
Author:
Mark Brewer -
Pages:
3
Full-year results to June 2018 are expected to be below our previous forecasts of £13.5m of revenue and £2.2m of adjusted pre-tax profit. This has been mainly driven by lower-than-expected orders placed by Superdrug for Skinny Tan in Q2 2018, despite the brand’s continued strong in-market growth. Whilst the company indicates that revenues should be substantially higher in 2018 than in FY 2017, pre-tax profits are expected to be similar to last year. Consequently, we are putt