The Beauty Tech Group ( LON:TBTG – Get Free Report ) released its quarterly earnings results on Thursday. The beauty technology company reported GBX 11.80 earnings per share (EPS) for the quarter, Digital Look Earnings reports.
Here are the key takeaways from The Beauty Tech Group’s conference call:
Get The Beauty Tech Group alerts: Strong first-half growth: Revenue rose 44.3% to £79.7 million and adjusted EBITDA increased 53% to £21.3 million, supported by a 3.6-point improvement in gross margin to 64.4%. Management raised full-year adjusted EBITDA guidance to at least £48.5 million while maintaining revenue guidance of at least £170 million. The group ended the period debt-free with £52 million of net cash and plans to begin a share buyback in the second half. Growth was broad-based, with revenue increasing across every region; Europe rose 48%, Asia 57%, the U.S. and Canada 37%, and the rest of the world 136%. CurrentBody Skin, representing 89% of group revenue, grew 45% to £71.1 million. The company is preparing a major second-half launch program, including its third-generation LED range, expanded ZIIP Beauty products and further Tria Laser products. Management expects the new p...