Revolution Beauty revenues jump 35%

Revolution Beauty backed its full-year expectations on Monday as it posted a 35% jump in first-half sales.

The beauty brand, which listed on London’s junior AIM market in July, said revenue in the six months to the end of August came in at £78m. The company said it’s now seeing a sales increase as the beauty industry enters its seasonal peak trading period of September to November.

Chief executive officer Adam Minto said: "It's been just over two months since we listed Revolution Beauty on the London Stock Exchange and we're pleased to have continued the strong momentum through the first half with 35% sales growth since last year.

"We have executed against our digital first strategy set out at IPO, adding over 200,000 DTC customers to our platform, while more than doubling international online sales in the US, Australia and New Zealand.

"Meanwhile our retail expansion has continued strongly, and we're delighted to announce today that our Makeup Revolution brand will be expanding into over 350 of the largest Boots stores across the UK in early 2022."

At 1010 BST, the shares were up 4.9% at 155p.