Warpaint London plc (LON:W7L), the specialist supplier of colour cosmetics and owner of the W7 and Technic brands, has announced a trading update for the year ended 31 December 2023.
The Company announced on 10 November 2023 that sales for the year ending 31 December 2023 were expected to be at least £85 million (2022: £64.1 million). Following continued strong trading in Q4 2023, the Company is pleased to report sales for the full year have exceeded previous expectations and are approximately £89.5 million.
The Group’s gross product margin remains robust and continues to be at a level in excess of that achieved in 2022.