Revolution Beauty, the UK-based skincare and cosmetics brand that floated on London’s Alternative Investment Market (AIM) last year, has revealed that its revenue climbed 42% to £194m in the year to 28 February 2022 after seeing growth across all regions and categories.
Adjusted EBITDA surged up 73% to £22m despite a “background of inflationary pressures last year, including freight and pandemic related volatility.”
In a brief annual trading update, the company said it benefited from a record fourth quarter following global retailer expansions in both Boots and Walgreens. Its sales in the second half of the year rose 44% year-on-year.
Revolution Beauty’s full-year sales in the UK climbed 85% after the company was boosted by a post-pandemic footfall recovery amongst its retail partners and a rollout of Makeup Revolution into Boots.
Meanwhile, sales in the US were up 27%, and Rest of the World division bounced back with a jump of 79% to account for 35% of Revolution’s global business.
Adam Minto, Group Chief Executive, said: “The group delivered a strong full year performance, in line with expectations, and driven by the strength of our omnichannel route to market.
“We had a record fourth quarter in FY22 and saw strong broad-based sales growth across categories and geographies with revenue for the full year increasing by 42% against the previous year.
“The US has become our biggest single market in terms of store sales, while retail in the UK and the rest of the world continued to bounce back to pre-pandemic levels.”
