Warpaint, the UK-based colour cosmetics specialist, announced its full-year results for 2018. Revenue increased by 49.2% to £48.5m (FY’17: £32.5m); however, on a like-for-like basis, revenue was down 3.2% if we assume a full-year contribution from Retra in 2017. A weak UK retail market affected sales. Internationally, though, revenue increased by 8% on a like-for-like basis; growth was particularly strong in the US and Europe. Gross margin was down by 3.3% to 35.5% for FY’18 (FY’17: 38.8%) due to product mix sold across the group during the year. Cash generation remains healthy with free cashflow of ca.£3.9m in FY’18. Warpaint announced a full-year dividend of 4.4p, up 10% on FY’17.
24 Apr 2019
FY’18 sales: remains profitable despite weak UK market
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FY’18 sales: remains profitable despite weak UK market
Warpaint London PLC (W7L:LON) | 430 43 2.4% | Mkt Cap: 332.2m
- Published:
24 Apr 2019 -
Author:
Yingheng Chen -
Pages:
16
Warpaint, the UK-based colour cosmetics specialist, announced its full-year results for 2018. Revenue increased by 49.2% to £48.5m (FY’17: £32.5m); however, on a like-for-like basis, revenue was down 3.2% if we assume a full-year contribution from Retra in 2017. A weak UK retail market affected sales. Internationally, though, revenue increased by 8% on a like-for-like basis; growth was particularly strong in the US and Europe. Gross margin was down by 3.3% to 35.5% for FY’18 (FY’17: 38.8%) due to product mix sold across the group during the year. Cash generation remains healthy with free cashflow of ca.£3.9m in FY’18. Warpaint announced a full-year dividend of 4.4p, up 10% on FY’17.