Upgrade to FY Expectations and H1 Trading Update
The Beauty Tech Group plc has upgraded its full-year expectations, now anticipating revenue of no less than £170 million and adjusted EBITDA of £45 million for the year ending 31 December 2026, surpassing previous market expectations of £161.7 million and £41.5 million respectively. This positive outlook is driven by strong performance in the first half of the financial year, with revenue materially ahead of the prior year across all key markets and channels, alongside margin improvement. The company expects to release its interim results for the six months to 30 June 2026 in September 2026.
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The Beauty Tech Group plc (LSE: TBTG), a global leader in the rapidly growing at-home beauty technology market, announces a trading update for the six months ended 30 June 2026 ("H1 FY26") and upgrades its expectations for the full year.
The Group has continued to perform well in the first six months of the financial year and it is anticipated that revenue in H1 FY26 will be materially ahead of the prior year period. This growth was seen across the Group's core business and across all key markets and channels.
This strong performance, when combined with the Group's well-invested operating model, has also driven margin improvement.
Given this strong revenue growth and margin improvement, the Board now anticipates that revenue and adjusted EBITDA for the year ending 31 December 2026 will be ahead of current market expectations*, being no less than £170 million and £45 million, respectively.
The Group expects to publish its Interim Results for six months to 30 June 2026 in September 2026.
Laurence Newman, Chief Executive Officer of The Beauty Tech Group, said: "The strong performance delivered during the first half of the year reflects the quality and ever-growing awareness of the Group's innovative and premium beauty technology brands. We have achieved significant growth across our core business and across all key markets and channels, while our ongoing commitment to investment in research and clinical studies continues to underpin demand for our products. As a result, we are pleased to upgrade our FY26 expectations.
"With a number of product launches in the pipeline, coupled with the At-Home Beauty Device market continuing to grow at pace, we enter the second half of the year with positive momentum and I look forward to providing shareholders with a more detailed update in our Interims in September."
*Current market expectations for the year ending 31 December 2026 before today as calculated by the Company were, revenue of £161.7 million and adjusted EBITDA of £41.5 million.
| FTI Consulting Harriet Jackson Amy Goldup Harleena Chana | T: +44 (0) 20 3727 1000 tbtg@fticonsulting.com |
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