Warpaint London PLC
LSE:W7L
Warpaint London PLC
Warpaint London Plc engages in selling branded cosmetics under brand names W7 and Technic. The company is headquartered in Iver, Buckinghamshire and currently employs 113 full-time employees. The company went IPO on 2016-11-30. The firm operates through two divisions: largest and other. The largest division sells own brand cosmetics under the brand names of W7 and Technic. W7 is sells in the United Kingdom primarily to retailers and internationally to local distributors or retail chains. The Technic brand is sells in the United Kingdom and continental Europe with a focus on the gifting market, principally for high street retailers and supermarkets. In addition, this division supplies own brand white label cosmetics produced for several high street retailers. The firm also sells cosmetics using its other own brand names of Man'stuff, Body Collection, Vintage, Very Vegan, and Chit Chat. The other division trades in close-out and excess inventory of branded cosmetics and fragrances from around the world.
Warpaint London Plc engages in selling branded cosmetics under brand names W7 and Technic. The company is headquartered in Iver, Buckinghamshire and currently employs 113 full-time employees. The company went IPO on 2016-11-30. The firm operates through two divisions: largest and other. The largest division sells own brand cosmetics under the brand names of W7 and Technic. W7 is sells in the United Kingdom primarily to retailers and internationally to local distributors or retail chains. The Technic brand is sells in the United Kingdom and continental Europe with a focus on the gifting market, principally for high street retailers and supermarkets. In addition, this division supplies own brand white label cosmetics produced for several high street retailers. The firm also sells cosmetics using its other own brand names of Man'stuff, Body Collection, Vintage, Very Vegan, and Chit Chat. The other division trades in close-out and excess inventory of branded cosmetics and fragrances from around the world.
Record Revenue: Warpaint London achieved record revenue of £50 million in 2021, up 24% year-over-year and surpassing pre-pandemic 2019 levels.
Margin Expansion: Gross margin improved to 33.8%, up 2.7 percentage points from the prior year, despite significant freight cost headwinds.
Strong Profitability: Adjusted profit reached £6.9 million and adjusted EPS was 7.8p, with management expressing confidence in further growth.
Dividend Growth: Total dividend for the year increased to 6p, continuing the company's progressive dividend strategy.
Robust Q1 2022: First quarter 2022 sales were up approximately 60% over Q1 2021 and more than 30% over Q1 2019.
International Expansion: Major growth in key retailers like Tesco, Boots, Wilko, as well as expansion in the U.S. and China.
Online Sales Surge: E-commerce revenue grew 159% year-over-year in 2021 and continued momentum into 2022.
