Revolution Beauty swings to loss as revenue falls

(Sharecast News) - Revolution Beauty reported full-year revenue of £102.1m on Tuesday, down 28% from £142.6m, while adjusted EBITDA swung to an £8.2m loss from a £4.7m profit and the loss before tax widened to £30.6m from £16.8m. However, the group returned to profitability in the second half, delivering adjusted EBITDA of £4.3m after a £12.5m first-half loss, as gross margin improved to 41.4% from 32.2% and annualised cost savings exceeded £9m.

The AIM-traded company said trading in the new financial year had started ahead of expectations, with broadly flat sales and positive first-quarter EBITDA compared with a £4.2m loss a year earlier.

Direct-to-consumer revenue rose 26%, helped by TikTok Shop, while year-end cash stood at £5.9m and net debt fell to £24.7m, with management continuing to target a return to growth, profitability and cash generation for the full year.

At 0934 BST, shares in Revolution Beauty Group were down 5.9% at 5.74p.

Reporting by Josh White for Sharecast.com.

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