Last checked at 7 Feb 2018 07:00
7 February 2018
Warpaint London PLC
("Warpaint", the "Company" or the "Group")
Trading Update
Warpaint London PLC (AIM: W7L), the specialist supplier of colour cosmetics and owner of the W7 brand, is pleased to announce the following trading update for the year ended 31 December 2017.
The Group continued to perform well during 2017 and the Board confirms that it expects to report results in line with management expectations for the financial year.
The integration of Retra, acquired in November 2017, has been completed and the Retra business is performing well. A new managing director and finance director for Retra were appointed in December 2017 to drive this business forward and work with other Group management to maximise the opportunities available to the combined Group.
The Company will announce its results for the year ended 31 December 2017 in late April 2018.
Commenting, Sam Bazini and Eoin Macleod, Joint Chief Executives of Warpaint, said:
"We are very pleased with the performance of the Group in 2017. Retra has integrated well with the rest of the Group and we are already seeing new opportunities and synergies from the combination.
"2018 has started well and we look forward to the future with confidence."
Enquiries:
Warpaint London PLC Sam Bazini - Joint Chief Executive Officer Eoin Macleod - Joint Chief Executive Officer Neil Rodol - Chief Financial Officer
| c/o IFC
|
Stockdale Securities Limited (Nominated Adviser and Broker) Antonio Bossi, Ed Thomas - Corporate Finance Fiona Conroy - Corporate Broking
| 020 7601 6100
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IFC Advisory Limited (Financial PR & IR) Tim Metcalfe Graham Herring Heather Armstrong Miles Nolan | 020 3934 6630
|
About Warpaint London PLC
Warpaint is a colour cosmetics business, based in Iver, Buckinghamshire. It is made up of two divisions: close-out and own-brand. The second and larger own-brand division consists primarily of the Group's flagship brand, W7 - an extremely creative, design-focused cosmetic brand proposition with a focus on the 16-30 age range, delivering high-quality cosmetics at affordable prices. The W7 brand has grown organically since its inception in 2002 and now contains over 680 items which are sold into high street retailers and independent beauty shops across the UK, Europe, Australia and the US. In 2016, W7 was supplied to over 250 customers in more than 50 countries.
In November 2017 Warpaint acquired Retra Holdings, a UK colour cosmetics business with a significant focus on the gifting market. Retra owns three major brands: Technic, Body Collection and Man's Stuff, in addition to white label cosmetics produced for several major high street retailers.