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Pin to quick picksRevolution Beauty Share News (REVB)

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EARNINGS: ActiveOps swings to small profit; Aeorema confident

Tue, 14th Nov 2023 14:31

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

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ActiveOps PLC - Reading, England-based management process automation software provider for back-office operations - In the six months to September 30, swings to pretax profit of GBP104,000 from a loss of GBP606,000 a year prior. Revenue climbs 6.3% to GBP13.1 million from GBP12.3 million. Cost of sales decrease 8.4% to GBP2.1 million from GBP2.3 million. Looking ahead, says it is confident in an annual recurring revenue growth rate by year-end and delivery of revenue and earnings before interest, tax, depreciation and amortisation in line with its own expectations. Chief Executive Officer Richard Jeffery says: "We are well set for the future and have made a robust start to the second half of the year, with three significant expansions with existing banking customers, closed so far. The breadth and increasing sophistication of our offering, geographic reach, and new pricing tiers, all provide us with confidence in a strong H2 performance and beyond."

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Aeorema Communications PLC - London-based live events agency - In the financial year that ended on June 30, pretax profit climbs 24% to GBP1.0 million from GBP843,564 a year prior. Hailing "strong demand from clients to return to in-person events," revenue jumps 66% to GBP20.2 million from GBP12.2 million. Cost of sales increase 73% to GBP15.9 million from GBP9.2 million, while administrative expenses increase 49% to GBP3.2 million from GBP2.2 million. Proposes final dividend of 3p per share, up 50% from 2p a year prior. Chair Mike Hale says: "I have never been so positive about the future of Aeorema. Cheerful Twentyfirst is robust and ever growing, Eventful is thriving and, under the new leadership of Andre Shahrdar in our US office, we believe we can achieve great things in North America."

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Cake Box Holdings PLC - Enfield, England-based chain of fresh cream cake shops - In the six months to September 30, pretax profit grows 18% to GBP2.4 million from GBP2.0 million a year prior. Revenue climbs to GBP18.0 million from GBP16.8 million. Cost of sales increase 2.9% to GBP9.0 million from GBP8.8 million, while administrative expenses increase 8.8% to GBP6.5 million from GBP5.9 million. Looking ahead, says trading has continued positively after the half-year, noting that total franchise sales in October were 5.1% ahead year-on-year, with online sales up 13%. Anticipates to deliver full-year results in line with market expectations. CEO Sukh Chamdal says: "While we are mindful of the ongoing macro-economic uncertainty, customer demand remains robust, demonstrating Cake Box's enduring appeal."

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Caledonia Mining Corp PLC - Zimbabwe-focused gold producer - In three months to September 30, pretax profit falls 33% to USD9.5 million from USD14.2 million a year ago. Revenue grows 15% to USD41.2 million from USD35.8 million. Production costs increase 29% to USD20.5 million from USD15.8 million, while depreciation costs are 64% higher at USD4.4 million compared to USD2.7 million. Notes that the quarter was affected by negative contribution from the Bilboes oxide mine prior to being placed on care and maintenance, where it says monthly costs will decrease to around USD200,000 from USD1.0 million. Gold production in the quarter at Blanket mine grows 3.1% to 21,772 ounces from 21,120 a year prior. Looking ahead, aims to maintain output target at Blanket mine at the targeted range of 75,000 to 80,000 ounces for 2023. CEO Mark Learmonth says: "We continue to work on a revised feasibility study for the sulphide project at Bilboes which will consider updated commercial assumptions and will inform the most judicious way to commercialise the project with the objective of providing the best returns for investors. I look forward to providing an update on our progress in due course."

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Castings PLC - Brownhills, England-based iron casting and machining firm - In the six months to September 30, pretax profit climbs 38% to GBP10.3 million from GBP7.5 million a year prior. Revenue jumps 30% to GBP111.3 million from GBP85.6 million. Cost of sales increase 32% to GBP90.0 million from GBP68.3 million, while administrative expenses increase 23% to GBP9.3 million from GBP7.5 million. Declares interim dividend of 4.13p, up 7.6% from 3.84p a year prior. Looking ahead, Castings says: "The long-term demand schedules continue to reflect the high build rates that the heavy truck original equipment manufacturers require to satisfy their order books. We expect production and supply efficiencies to improve with the short-term outsourcing of foundry parts and the continued focus on the engineering of the new parts that have been introduced in the machine shop. Management believes that the company will trade marginally ahead of market expectations."

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Revolution Beauty Group PLC - London-based cosmetics retailer - In the six months to August 31, turns to pretax profit of GBP366,000 from a loss of GBP13.7 million a year prior. Revenue climbs 20% to GBP90.4 million from GBP75.3 million, while cost of sales increase 3.7% to GBP45.7 million from GBP44.1 million. Marketing and distribution costs decrease 15% to GBP22.8 million from GBP27.0 million. General administrative expenses, however, increase 34% to GBP22.3 million from GBP16.7 million. Looking ahead, company says: "The strength of the Revolution brand and the beauty markets in which we operate underpins our global growth ambitions." Adds it made a good start to the second financial half of current financial year 2024, with revenue and adjusted Ebitda in line with internal forecasts. Upgrades guidance for financial 2024, now expects Ebitda to be at least in the double-digit millions compared to a previous guidance of high single digit millions. For financial 2023 that ended February 28, Revolution Beauty had posted an adjusted Ebitda loss of GBP7.5 million.

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By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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22 Apr 2024 10:10

Disgruntled Chrysalis Investments files claim versus Revolution Beauty

(Alliance News) - The dispute between Revolution Beauty Group PLC and former shareholder Chrysalis Investments Ltd ratcheted up on Monday, as Chrysalis said it has issued legal claims for a total of GBP45.2 million against Revolution Beauty, while Revolution rejected the allegations.

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9 Apr 2024 10:56

IN BRIEF: Synectics shares rise as appoints Bob Holt as chair

Synectics PLC - Sheffield, England-based security and surveillance systems company - Appoints Bob Holt as chair, effective after annual general meeting on April 24. He will replace outgoing Chair Steve Coggins, who has been interim chair since October. Holt has experience as a director at several companies, including Revolution Beauty Group PLC and Mears Group PLC, the latter of which he guided through its initial public offering on London's AIM market in 1996, back then as chair of Mears.

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27 Mar 2024 17:03

CORRECT: Revolution Beauty set to meet annual earnings guidance

(Correcting that Revolution Beauty previously predicted low-single digit growth and that financial 2023 revenue was GBP187.8 million)

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27 Mar 2024 11:58

Revolution Beauty set to meet annual earnings guidance

(Alliance News) - Revolution Beauty Group PLC on Wednesday said it expects to meet earnings consensus for its financial year, despite forecasting low-single digit revenue growth.

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27 Mar 2024 09:04

Revolution Beauty lifts FY outlook

(Sharecast News) - Revolution Beauty lifted its full-year outlook on Wednesday after continued strong trading.

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8 Feb 2024 12:02

IN BRIEF: Revolution Beauty aims for GBP1 billion in annual sales

Revolution Beauty Group PLC - London-based cosmetics retailer - Expects adjusted earning before interest, tax, depreciation and amortisation of GBP11 million to GBP12 million in the financial year that finishes at the end of this month. This would be dramatically improved from an adjusted Ebitda loss of GBP7.5 million in financial 2023 and is in line with guidance provided in November. However, Revolution Beauty says revenue growth will be a low single-digit percentage, compared to the high single-digit growth previously guided.

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8 Feb 2024 07:16

Revolution Beauty shares slide on FY revenue warning

(Sharecast News) - Mass beauty business Revolution Beauty Group shares headed south early on Thursday after the group warned investors that full-year revenues would now be lower than previously forecast.

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5 Feb 2024 09:13

Revolution Beauty's former CEO pays GBP2.9 million to close dispute

(Alliance News) - Revolution Beauty Group PLC on Monday said former Chief Executive Adam Minto had agreed to pay the company GBP2.9 million to settle a dispute.

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5 Feb 2024 08:11

Revolution Beauty reaches settlement with former CEO

(Sharecast News) - Make-up company Revolution Beauty has reached a settlement with co-founder and former chief executive Adam Minto following the delayed publication of its FY22 results and its suspension from trading during his time in the top job.

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2 Feb 2024 10:22

Revolution Beauty "strongly contests" possible claim from Chrysalis

(Alliance News) - Revolution Beauty Group PLC on Friday confirmed it has received a pre-action claim from one-time shareholder Chrysalis Investments Ltd, which accused the cosmetics retailer of "negligent misstatement and/or misrepresentation".

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13 Dec 2023 12:01

Revolution Beauty reaches settlement with ex-chair as CFO stands down

(Alliance News) - Revolution Beauty Group PLC on Wednesday announced the resignation of Chief Financial Officer Elizabeth Lake and the resolution of its legal dispute with Tom Allsworth.

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13 Dec 2023 07:43

Revolution Beauty CFO departs as Boohoo saga takes new twist

(Sharecast News) - The long-running saga at cosmetics company Revolution Beauty Group took a new turn on Wednesday when major shareholder Boohoo got its wish with the departure of finance boss Elizabeth Lake.

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27 Nov 2023 10:38

Revolution Beauty says discussions ongoing in disputes with co-founders

(Alliance News) - Revolution Beauty Group PLC on Monday responded to "press speculation" regarding potential agreements with its former executive chair and chief executive officer.

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27 Nov 2023 07:20

Revolution Beauty in negotiations with ex CEO, chairman

(Sharecast News) - Revolution Beauty Group responded to fresh press speculation surrounding potential agreements with its former chief executive officer, Adam Minto, and former executive chairman, Tom Allsworth, on Monday.

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