04.24.24
Warpaint London PCL reported that sales and profits for FY 2023 reflected a strong group performance.
The specialist supplier of color cosmetics and owner of the W7 and Technic brands said group sales for 2023 grew by 40% to 89.6 million euros ($95.73 million at current exchange rates) compared to 64.1 million euros in 2022, or $68.49 at current exchange rates.
EBITDA increased 74% to 20.4 million euros ($21.80 million at current exchange rates) compared to 11.7 million euros in 2022 ($12.50 million at current exchange rates.)
Company Chairman Clive Garston said he attributes global expansion into large retailers, growing sales with existing customers and increasing its online presence to its growth.
“Notwithstanding the continuing volatile economic environment and challenges facing our customers, I am optimistic that the strong performance we have seen in 2022, 2023 and now into 2024 will continue and that we have the right offering and strategy in place to continue to deliver profitable future growth,” Garston said.