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Pin to quick picksWarpaint London Share News (W7L)

Share Price Information for Warpaint London (W7L)

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Share Price: 480.00
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Change: -5.00 (-1.03%)
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Open: 485.00
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Warpaint London says 2023 results to be ahead of market expectations

Fri, 10th Nov 2023 09:09

(Alliance News) - Warpaint London PLC on Friday said it has continued to trade strongly in the second half of 2023, so its annual results will be ahead of market expectations.

Buckinghamshire, England-based Warpaint is a supplier of colour cosmetics and the owner of the W7 and Technic brands.

Sales in 2023 now are expected to be at least GBP85 million, up 33% from GBP64.1 million in 2022, though Warpaint noted that the key pre-Christmas sales period is still taking place.

Gross product margin remains above 2022, when it was 36.4%, up from 33.8% in 2021.

As a result, pretax profit for 2023 is expected to be above GBP16 million, more than doubled from GBP7.7 million the year before.

Warpaint said it has continued to launch its products in new stores and with new retailers this year, with further expansion planned for 2024. The W7 brand is set to be stocked in an additional 372 CVS stores in the US and 102 Boots stores in the UK during the first quarter of 2024.

The stock was up 6.6% to 336.67 pence in London early Friday. It is up 92% over the past 12 months.

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Nov 2023 08:03

Warpaint full-year results to beat market expectations

(Sharecast News) - Cosmetics company Warpaint said on Friday that results for the year to the end of December are set to be ahead of market expectations following a continued strong performance.

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2 Nov 2023 16:02

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20 Sep 2023 11:37

Warpaint London reports substantial rise in first-half sales

(Sharecast News) - Colour cosmetics company Warpaint London reported a substantial increase in its first-half sales on Tuesday after expanding its branded product sales.

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20 Sep 2023 08:37

Warpaint celebrates strong first half as US and Europe boost sales

(Alliance News) - Warpaint London PLC on Wednesday trumpeted a strong performance in the first half of the year, as both profit and revenue were lifted on strong sales across all geographic areas.

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9 Aug 2023 12:21

IN BRIEF: Warpaint London enters new leases at head office site

Warpaint London PLC - Iver, England-based supplier of colour cosmetics and owner of the W7 and Technic brands - Enters into two new leases relating to Units A and E at The Ridgeway Trading Estate, Iver, Buckinghamshire through to August 2026. The Iver site is the location of the group's head office and principal southern hub for the group's W7 business. The new leases mean that the company now occupies the entirety of units A to E. The annual rent for Unit A is GBP138,000 and for Unit E is GBP110,250, plus property and rent insurance expenses.

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28 Jun 2023 14:29

IN BRIEF: Warpaint London expects interim sales to jump 43%

Warpaint London PLC - Iver, England-based supplier of colour cosmetics and owner of the W7 and Technic brands - Reports strong trade in the six months to June 30, with sales expected in excess of GBP36 million. In the first half of 2022, the company reported sales of GBP25.2 million. This would therefore represent growth of at least 43% year-on-year, if achieved. Notes margins in the half are "robust" and ahead of those achieved the year prior. Reports further progress in expanding its presence in larger retailer, saying that the W7 brand will be launched in an initial 73 Superdrug stores in September. Says it has "significant further opportunities" to grow sales, both with new and existing customers, and remains in "active" discussions with a number of UK and overseas retailers.

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28 Jun 2023 09:46

Warpaint London reports 'robust' 1H sales and margins

(Sharecast News) - Warpaint London said trading and margins continued to be 'robust' over the first half of 2023.

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15 Jun 2023 12:50

Warpaint ups outlook as sales jump in first five months of 2023

(Alliance News) - Warpaint London PLC on Thursday lifted guidance as sales at the start of 2023 rose sharply.

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15 Jun 2023 09:33

Warpaint sees FY results 'significantly ahead' of previous expectations

(Sharecast News) - AIM-listed Warpaint London said on Thursday that full-year results are set to be "significantly ahead" of its previous expectations, driven by a continued strong start to the year.

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Warpaint London annual profit doubles as sales soar and margin widens

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Warpaint hails 'record' sales

(Sharecast News) - Warpaint London said on Wednesday that 2023 had got off to strong start following a "record" full-year performance.

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