Revolution Beauty Group plc (GB:REVB) has released an update.
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Revolution Beauty Group PLC reported a 20% decline in revenue for the first half of 2024 due to strategic simplification of its product portfolio and stock clearance activities. Despite this, the company achieved an 18% increase in underlying adjusted EBITDA and improved gross profit margins, driven by growth in core SKUs and cost-saving measures. The company remains optimistic about future growth, supported by new retailer partnerships and a leaner brand portfolio.
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