Key facts
- The Beauty Tech Group's first-half profit more than tripled to £17.5m.
- Sales increased by over 40 per cent.
- The company owns brands including Currentbody Skin, ZIIP Beauty, and Tria Laser.
- Shares closed at 350p on Wednesday and opened at 380p this morning, rising as high as 410p in early trade.
- Revenue rose 44.3% to £79.7m.
- Adjusted EBITDA grew 53.0% to £21.3m, lifting the margin to 26.7% from 25.2% a year earlier.
The Beauty Tech Group's shares surged to a new 52-week high after its first-half results beat management's guidance, prompting a profit upgrade and a £20 million share buyback. The company, which owns at-home beauty device brands CurrentBody Skin, ZIIP Beauty, and Tria Laser, reported revenue of £79.7 million, a 44.3% increase year-on-year. Adjusted EBITDA grew faster than sales, up 53.0% to £21.3 million, with the margin improving to 26.7% from 25.2% in the prior year. The company's shares closed at 350p on Wednesday and opened at 380p on Thursday, reaching an intraday high of 410p before trading around 396.36p, a gain of approximately 13.25% on the day.