Revolution Beauty upgrades full year guidance

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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 Ā£90.4m year-on-year, while adjusted EBITDA increased by Ā£14.3m to Ā£6.4m, which the group said was ā€œdue to sales performance, improved gross margin and cost controlā€.

It reported a profit before tax of Ā£0.4m compared to a loss of Ā£13.7m in the same period last year, while operating loss decreased to Ā£0.5m following a Ā£12.5m loss due to ā€œimproved performance and a lower level of exceptional costsā€.

 

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