Revolution Beauty upgrades full year guidance
Revolution Beauty has upgraded its guidance for the full year as it posted a rise in profit and revenue in the six months to August 31.
The beauty brand saw revenue grow 20% to £90.4m year-on-year, while adjusted EBITDA increased by £14.3m to £6.4m, which the group said was “due to sales performance, improved gross margin and cost control”.
It reported a profit before tax of £0.4m compared to a loss of £13.7m in the same period last year, while operating loss decreased to £0.5m following a £12.5m loss due to “improved performance and a lower level of exceptional costs”.
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