InnovaDerma PLC Operational Update (0763M)
July 26 2017 - 1:01AM
UK Regulatory
TIDMIDP
RNS Number : 0763M
InnovaDerma PLC
26 July 2017
InnovaDerma PLC
("InnovaDerma" or the "Company")
Operational Update
InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty
and personal care products, provides an operational update.
The Board is pleased to announce that last month delivered the
highest-ever monthly revenue that the Company has achieved.
Consequently, five of the last six months have delivered record
revenues.
Skinny Tan
The Company is in the process of relaunching Skinny Tan in
Australia and New Zealand with the UK packaging design and backed
by a strong marketing & PR campaign. The relaunch will take
place in the first quarter of FY 2018 to coincide with the start of
the peak tanning season and the Company expects this will drive
revenue growth for FY 2018.
The Company has developed Skinny Tan Salon Effects Spray(TM) , a
coconut-scented salon quality self-tanner spray containing 100%
certified natural tanning agent and guarana for customers who want
to attain a salon quality, streak-free instantly-bronzed skin at
home. The new product will be available in two different shades and
launched in Superdrug stores as well as the Company's Direct to
Consumer ('DTC') platform in the first quarter of FY 2018.
Skincare - Body Glow(TM) Milk Spray:
InnovaDerma has developed Body Glow(TM) Milk Spray, under the
Body Glow(TM) range which was launched earlier this year as a skin
care product in Superdrug stores. Body Glow(TM) is a light milk
spray which is a fast-absorbing and hydrating body moisturiser that
gives customers a sun-kissed look. The new product is expected to
be launched in Superdrug and on the Company's DTC platform in in
the first quarter of FY 2018.
Stevie K
The Company is launching Stevie K's new website and lip-only
products through its DTC platform in Australia next month. The
Company has extended Stevie K's range of cruelty free, award
winning products to include face and eye make-up, and expects to
launch in the UK through its DTC platform in the first quarter of
FY 2018. Stevie K is expected to be launched in other international
markets shortly thereafter.
International distribution network
In line with its strategy of growing its network of global
retailers to support its products, InnovaDerma has appointed a
European distributor, E4E, to identify and secure key distribution
partners throughout continental Europe for its brands, and
discussions with various retail partners are under way. The Company
recently showcased its products at Cosmoprof Vegas, the largest
beauty trade show in the US, where its brands received strong
levels of interest from North American retailers and
distributors.
Team expansion
The Company has successfully appointed a number of key
executives for new Business Development and Marketing roles in the
UK and Australia to support the growth of the business as new
markets and retail channels open up for its portfolio of brands.
The Company has also announced today the appointment of Ross
Andrews as a Non-Executive Director to strengthen its PLC
Board.
The Company will announce its Final Results for the year ending
30 June 2017 in mid-September.
Haris Chaudhry, Executive Chairman of InnovaDerma, said: 'The
Company continues to make excellent progress and we have appointed
new talent across the business as we continue on our path of
accelerated growth, showcase our brands to new markets, launch
innovative new products and bring in new domestic and international
retail and etail partners.'
Further Enquiries
InnovaDerma +61 (0)3 9111
Haris Chaudhry/Joe Bayer 0071
finnCap Ltd +44 (0) 207 220
Geoff Nash/Giles Rolls/Kate Bannatyne 0500
Tim Redfern/Alice Lane - Corporate www.finncap.com
Broking
Cardew Group
Shan Shan Willenbrock
David Roach + 44 (0)20 7930
Joe McGregor 0777
About InnovaDerma
InnovaDerma PLC (LSE: IDP) specializes in the research,
manufacture and marketing of clinically proven products in life
sciences, beauty and personal care products. InnovaDerma has
presence in the UK, US, Australia, New Zealand, Philippines, South
Africa, Hong Kong and South Korea.
www.innovaderma.com
This information is provided by RNS
The company news service from the London Stock Exchange
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