Warpaint’s interim results were in line with management expectations and we make no adjustments to any of our underlying forecasts. Following the Retra acquisition in November 2017, H1 sales represent around one third of the total forecast and an even more pronounced EBITDA weighting to H2. Given the strong gifting order book (£8.2m), there is a good visibility for FY2018. We have not adjusted our sales/EBITDA forecasts for the recent acquisition of its US distributor and retain o
17 Sep 2018
Trading in line with expectations
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Trading in line with expectations
Warpaint London PLC (W7L:LON) | 412 0 0.0% | Mkt Cap: 318.7m
- Published:
17 Sep 2018 -
Author:
Robert Sanders -
Pages:
8
Warpaint’s interim results were in line with management expectations and we make no adjustments to any of our underlying forecasts. Following the Retra acquisition in November 2017, H1 sales represent around one third of the total forecast and an even more pronounced EBITDA weighting to H2. Given the strong gifting order book (£8.2m), there is a good visibility for FY2018. We have not adjusted our sales/EBITDA forecasts for the recent acquisition of its US distributor and retain o