Venture Life has provided a trading update for the six months to June 2023 expecting revenues of £23.5m for the period, up 24.4% YoY, supported by both Venture Life Brands (+27%) and Customer Brands (+20%). Revenue growth excluding the recently acquired HL Healthcare (HLH) was 11.4%. The company notes strong cash generation from operating activities of £4.6m, up 158% YoY and group leverage reduced to 1.4x from 1.6x at Dec-22. The board remains ‘cautiously optimistic' of achieving FY23E market ex ....
