Revolution Beauty Share News (REVB)

Revolution Beauty finally reports 2022 numbers, swings to loss

(Sharecast News) - Revolution Beauty Group finally published its audited results for the year ended 28 February 2022 on Friday, with its results coming in seriously below previous expectations after concerns were raised by its auditors last year.

IN BRIEF: Revolution Beauty belated results show annual loss widens

Revolution Beauty Group PLC - beauty products retailer - Belated results show revenue of GBP184.6 million for the year ended on February 28, 2022, up 35% from GBP136.7 million the year before. Pretax loss, however, widens to GBP44.9 million from GBP17.8 million. Books an impairment of property, plant and equipment of GBP1.9 million, an impairment of goodwill of GBP13,000, as well as initial public offering related costs of GBP8.9 million during the year. Looking ahead, says that in the event of a covenant breach arising from share suspension, the firm would be "reliant on its lenders not requiring immediate repayment of the outstanding loan or obtaining alternative finance in order to continue to operate as a going concern".

TRADING UPDATES: Ashoka WhiteOak holds IPO; Fox Marble agrees takeover

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Revolution Beauty plans to file belated annual results by end of April

(Alliance News) - Revolution Beauty Group PLC on Thursday said it is working with its auditor BDO LLP to publish its missing annual results by the end of April.

UK earnings, trading statements calendar - next 7 days

CORRECT: Revolution changes deferred consideration instalment amount

(Correcting the announcement date.)

TRADING UPDATES: Revolution changes deferred consideration amount

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Revolution Beauty plans to file financial 2022 results by end-March

(Alliance News) - Revolution Beauty Group PLC on Tuesday said it is working with its auditor BDO LLP to publish its results on or around March 30.

Revolution Beauty aiming to file annual accounts by end-March

(Sharecast News) - Revolution Beauty said it was aiming to produce annual accounts by the end of March as it continues to work closely with auditors BDO.

Revolution Beauty probe uncovers issue with sales booked last year

(Alliance News) - Revolution Beauty Group PLC on Friday said an independent investigation being carried out by Forensic Risk Alliance and Macfarlanes has concluded, noting that some sales should not have been recognised in its previous financial year.

LONDON BRIEFING: World Cup boosts for UK GDP and ITV streaming

(Alliance News) - Shares in London were called to open slightly higher on Friday, with the mood lifted by a surprise rise in UK gross domestic product, as US earnings season gets underway.

Boohoo ups stake in Revolution Beauty

(Sharecast News) - Online fashion retailer Boohoo said on Monday that it recently increased its strategic investment in Revolution Beauty to 26.5% from 12.9%, making it the cosmetics group's biggest shareholder.

UPDATE: boohoo doubles stake to 26% as Revolution Beauty taps new CEO

(Alliance News) - Online fast-fashion retailer boohoo Group PLC on Monday said it has doubled its stake in Revolution Beauty Group PLC to 26% from 13%, as Revolution, a beauty products retailer, promoted Interim Chief Operating Officer Bob Holt to chief executive officer.

IN BRIEF: Revolution Beauty promotes Interim COO Bob Holt to CEO

Revolution Beauty Group PLC - AIM-listed beauty products retailer - Promotes Interim Chief Operating Officer Bob Holt to chief executive officer, effective immediately. Holt has more than 30 years of experience in senior and executive roles, including energy services firm Sureserve Group PLC and housing & social care provider Mears Group PLC.

Revolution Beauty promotes Bob Holt to CEO

(Sharecast News) - Beleaguered cosmetics company Revolution Beauty said on Monday that it has promoted interim chief operating officer Bob Holt to the role of chief executive with immediate effect.