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61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
61% of retail CFD accounts lose money. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at https://etoro.tw/44JRWLY
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Beauty Tech Group Shares Surge on Earnings Beat and Buyback
The Beauty Tech Group's shares hit a new 52-week high after interim results beat management's own guidance, prompting a profit upgrade and a £20m buyback.
The Beauty Tech Group (LON: TBTG), the at-home beauty devices maker behind CurrentBody Skin, ZIIP Beauty and Tria Laser, saw its shares jump after first-half results beat the Board’s own expectations across every key metric.
Shares closed at 350p on Wednesday and opened at 380p this morning, rising as high as 410p in early trade, a new 52-week high above the prior range top of 383p, before trading around 396.36p as of writing, a gain of roughly 13.25% on the day.
TBTG.LSE
Revenue rose 44.3% to £79.7m, but Adjusted EBITDA, a measure of operating profit before depreciation and one-off items, grew faster still, up 53.0% to £21.3m, lifting the margin to 26.7% from 25.2% a year earlier. Profitability grew quicker than sales.
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Gross margin also improved, reaching 64.4% versus 60.8% a year earlier, a half-year record for the Group. Statutory profit before tax rose 250.0% to £17.5m, while adjusted EPS climbed 48.6% to 10.4p.
That combination pushed the Board to raise its full-year Adjusted EBITDA guidance to no less than £48.5m, while reaffirming the £170.0m revenue guidance it had already upgraded on 7 July. The Group also announced an up to £20m share buyback, backed by £52.0m of net cash and no debt.
The guidance upgrade and the buyback were announced together in the same release, alongside the first-half revenue and earnings beat.
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At-home beauty technology is the fastest-growing part of the beauty market and we are uniquely positioned to take advantage of it through our three distinct brands: CurrentBody Skin, ZIIP Beauty and Tria Laser. I am pleased to report that in the first half of the year we increased revenue by 44.3%, grew Adjusted EBITDA by 53.0% and ended the period with £52.0m of net cash and no debt.
Laurence Newman, Founder and Chief Executive Officer, The Beauty Tech Group
No interim dividend was declared, with the buyback serving instead as the chosen route for returning capital to shareholders this half.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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