Warpaint to present at the Small-Cap Growth Virtual Investor Conference on 13 June 2024
June 07 2024 - 7:00AM
Warpaint London plc (AIM: W7L; OTCQX: WPNTF), the specialist
supplier of colour cosmetics and owner of the W7 and Technic
brands, announces that Sam Bazini, chief executive officer and
co-founder, will present live at the Small-Cap Growth Virtual
Investor Conference hosted by VirtualInvestorConferences.com on 13
June 2024 at 10.00am Eastern time (3.00pm BST).
This will be a live, interactive online event
where investors are invited to ask the Company questions in
real-time. If attendees are not able to join the event live on the
day of the conference, an archived webcast will also be made
available after the event. The event may be accessed via the
following link: https://bit.ly/44WdZwZ
It is recommended that online investors
pre-register and run the online system check to expedite
participation and receive event updates.
Learn more about the event at
www.virtualinvestorconferences.com.
Warpaint Q1 2024 Highlights (as
announced on 24 April 2024)
- Continued strong trading in Q1
2024, with unaudited Group sales for the three months to 31 March
2023 of £23.5 million an increase of 28% on the same period in
2023
- Gross margin in Q1 was robust and
better than that achieved for full year 2023
- Maintained a strong balance sheet,
with no debt. Cash balances as at 2 April 2024 totalled £7.5
million after investment in a significant increase in stock to
satisfy expected demand later in the year (31 March 2023: £8.5
million)
- Continuing brand sales momentum
being seen in 2024, both internationally and the UK, including:
- In the US:
- Q1 2024 expansion into CVS in the
US already implemented, expanding the W7 range stocked and roll-out
to a further 387 stores
- Significant Christmas order
received from Walmart, for W7 and Chit Chat product and in
discussions to stock the Group’s all-year-round product
- Significant expansion planned with
Five Below during H1 2024, including the stocking of an increased
range of W7 product in all 1,544 of their stores, with a further
225+ Five Below stores expected to open in the next 12 months
stocking W7 products
- In the UK:
- In March 2024, a full range of
Technic products was launched in an initial 202 Morrisons
stores
- Expansion to a further 100 Boots
stores during April 2024 with additional W7 products stocked in
existing and newly added stores
- Further rollout with Superdrug
planned for July 2024, into a further 63 stores, taking the number
of Superdrug stores served to 134, and an increase in the products
stocked across all these stores
- Further range and store expansions
planned with other existing customers including Etos, Normal,
Tesco, The Range and Wibra, together with launches with a number of
significant new customers
Enquiries:
|
|
Warpaint London plc |
c/o IFC |
Sam Bazini – Chief Executive OfficerEoin Macleod – Managing
DirectorNeil Rodol – Chief Financial OfficerAdam Kay – Investor
Relations |
+1 310 868 6380 |
Shore Capital (Nominated Adviser &
Broker) |
+44 (0)20 7408 4090 |
Patrick Castle, Daniel Bush – (Corporate Advisory)Fiona Conroy –
Corporate Broking |
|
|
|
IFC Advisory (Financial PR & IR)Tim Metcalfe,
Graham Herring, Florence Chandler |
+44 (0)20 3934 6630 |
|
|
Warpaint London plc
Warpaint sells branded cosmetics under the lead
brands of W7 and Technic. W7 is sold in the UK primarily to major
retailers and internationally to local distributors or retail
chains. The Technic brand is sold in the UK and continental Europe
with a significant focus on the gifting market, principally for
high street retailers and supermarkets. In addition, Warpaint also
sells cosmetics under its other brand names of Man’stuff, Body
Collection and Chit Chat, each targeting a different
demographic.
About Virtual Investor Conferences®
Virtual Investor Conferences (VIC) is the
leading proprietary investor conference series that provides an
interactive forum for publicly traded companies to seamlessly
present directly to investors.
Providing a real-time investor engagement
solution, VIC is specifically designed to offer companies more
efficient investor access. Replicating the components of an on-site
investor conference, VIC offers companies enhanced capabilities to
connect with investors, schedule targeted one-on-one meetings and
enhance their presentations with dynamic video content.
Accelerating the next level of investor engagement, Virtual
Investor Conferences delivers leading investor communications to a
global network of retail and institutional investors.
Forward-Looking Statements
This press release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and legislation in the United Kingdom. These
forward-looking statements are made under the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995 and involve risks and uncertainties which could
cause actual results to differ materially from those in the
forward-looking statements contained herein. All statements
contained in this press release that do not relate to matters of
historical fact should be considered forward-looking statements,
including, but not limited to, statements regarding the continuing
brand sales momentum in 2024 and the expected expansion of the
Company’s customers.
Reference should be made to those documents that
Warpaint shall file from time to time or announcements that may be
made by Warpaint in accordance with the London Stock Exchange AIM
Rules for Companies ("AIM Rules") and the Disclosure and
Transparency Rules ("DTRs") which contains and identifies other
important factors that could cause actual results to differ
materially from those contained in any projections or
forward-looking statements. These forward-looking statements speak
only as of the date of the original announcement, 24 April 2024.
All subsequent written and oral forward-looking statements by or
concerning Warpaint are expressly qualified in their entirety by
the cautionary statements above. Except as may be required under
the AIM Rules or the DTRs or by relevant law in the United Kingdom,
Warpaint does not undertake any obligation to publicly update or
revise any forward-looking statements because of new information,
future events or otherwise arising.
Warpaint London (LSE:W7L)
Historical Stock Chart
From Jun 2024 to Jul 2024
Warpaint London (LSE:W7L)
Historical Stock Chart
From Jul 2023 to Jul 2024