Venture Life sees profits 'at least' meeting expectations amid 16% sales rise

Writer, Stock Market Wire
Tuesday, January 29, 2019 - 07:59

Consumer healthcare company Venture Life Group said it expected to post adjusted earnings 'at least' in line with market expectations as revenue jumped.

The company also announced that chief financial officer Adrian Crockett had left with immediate effect to pursue other opportunities.

Revenue for the year through December was expected to show an increase of 16% to £18.7m, the company said.

'Adjusted Ebitda is expected to be at least in line with market expectations,' it added.

Supermarket chain Morrisons had meanwhile confirmed the launch of the company's Dentyl BB Mints in just under 300 stores in the UK.

A search process for Crockett's successor had commenced, Venture Life said. In the interim, its operational finance function would be overseen by Jerry Randall.


Related content

Venture Life launches products with 11 new partners in first half

Self-care product supplier Venture Life Group said it had launched products with 11 international partners in the first half of 2019.

These had included an...

Wed, 17/07/2019 - 09:52


Fast growing small caps for 2019

Author: 

Despite all the uncertainty created by Brexit the latest reading from the Quoted Companies Alliance/YouGov Small & Mid-Cap Sentiment index suggests most small and medium-sized...

Thu, 20/12/2018 - 00:00


Venture Life sales increase

Venture Life reported revenues increased 6% to £8.3m in the six months ended 30 June 2018.

Profit before tax, amortisation and exceptional items increased to...

Thu, 20/09/2018 - 07:58


Venture Life seeks a step change in growth with major fundraise and strategic acquisition

If you have ever shopped in Boots or Superdrug, you may be familiar with some of international healthcare group Venture Life’s (VLG:AIM) products....

Thu, 26/07/2018 - 00:00


Venture Life launches £18.8m share issue to fund mouthwash deal, cut debt

Consumer self-care group Venture Life launched a share issue to raise £18.8m, to both pay down debt and fund its proposed £4.2 acquisition of the...

Fri, 20/07/2018 - 08:02