Revolution Beauty Group plc (GB:REVB) has released an update.
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Revolution Beauty Group plc has reported a return to profitability with a full-year profit before tax of £11.4m, marking a significant recovery from the previous year’s £33.9m loss. The beauty innovator’s revenue increased modestly by 2% to £191.3m, while a strategic cost savings program and improved gross margins contributed to a healthier financial position. Looking ahead, the company anticipates a revenue dip in the first half of FY25 but expects to return to growth in the latter half fueled by product innovations and global retail expansion.
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