Warpaint London PLC AGM Statement (0781J)
June 26 2017 - 1:00AM
UK Regulatory
TIDMW7L
RNS Number : 0781J
Warpaint London PLC
26 June 2017
26 June 2017
Warpaint London plc
("Warpaint London" or the "Company" or the "Group")
AGM Statement
At the Annual General Meeting of Warpaint London plc (AIM: W7L)
to be held later today, Clive Garston, Chairman of the Company,
will make the following statement:
"I am pleased to report that the Company continues to trade in
line with expectations. So far in 2017, we have seen encouraging
growth across all our sales territories worldwide, apart from
Europe where sales remain similar to the corresponding period in
2016. I am particularly pleased that our sales strategy for the US,
which is the world's largest colour cosmetics market, has delivered
double-digit sales growth compared to the same period last
year.
We recently launched our new Very Vegan range of products and
early sales, whilst modest in the context of the Group, have been
encouraging. We will continue to innovate and look for further
opportunities to introduce new products into our mix.
Our E-commerce strategy remains on track and is a growing
contributor to the Group. Supported by celebrity endorsements,
particularly through social media, we expect the importance of
on-line sales to continue to grow.
I am pleased with the performance of the Group since admission
to AIM in November last year. Being quoted on AIM has been a
positive experience for the Company, in particular helping the
recognition and development of the W7 brand globally.
We look forward to updating the market at the time of the
release of our interim results in September 2017."
Enquiries:
Warpaint London plc
Sam Bazini - Joint Chief Executive
Eoin Macleod - Joint Chief Executive
Neil Rodol - Chief Financial Officer 020 3053 8671
Stockdale Securities Limited (Nominated
Adviser and Broker)
Andy Crossley, Antonio Bossi, Ed
Thomas - Corporate Finance
Fiona Conroy - Corporate Broking 020 7601 6100
IFC Advisory (Financial PR & IR)
Tim Metcalfe
Graham Herring
Heather Armstrong
Miles Nolan 020 3053 8671
About Warpaint London plc
Warpaint London 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. W7 brand has grown organically since its
inception in 2002 and now contains over 500 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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