Warpaint London PLC Trading Update (1037E)
February 07 2018 - 1:00AM
UK Regulatory
TIDMW7L
RNS Number : 1037E
Warpaint London PLC
07 February 2018
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 c/o IFC
Sam Bazini - Joint Chief Executive
Officer
Eoin Macleod - Joint Chief Executive
Officer
Neil Rodol - Chief Financial Officer
Stockdale Securities Limited (Nominated
Adviser and Broker)
Antonio Bossi, Ed Thomas - Corporate
Finance 020 7601
Fiona Conroy - Corporate Broking 6100
IFC Advisory Limited (Financial
PR & IR)
Tim Metcalfe
Graham Herring
Heather Armstrong 020 3934
Miles Nolan 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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