×
112
Fashion Jobs
BEELINE
Sales Director UK/Roi (f/m/d)
Permanent · LONDON
HTNK
Enterprise New Business Manager (UK)
Permanent · LONDON
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
SHISEIDO
Training Manager - Fragrance
Permanent · London
UNDERGROUND
PR Showroom And Social Media Internship
Internship · LONDON
SANDRO UK
Flagship Assistant Manager - Central London m/f
Permanent · LONDON
OUKA LONDON LTD
Social Media Intern
Internship · LONDON
MD-DA LTD
Sales & Marketing Assistant
Internship · LONDON
A.T. STUDIO
Photography Internship
Internship · BURNLEY
LONDON ORGANIC PR
Student Brand Ambassador
Internship · LONDON
THE POSITIVE COMPANY
e Commerce Internship (Flexible Location)
Internship · LONDON
BA&SH
Key Holder f/m - Full Time - London
Permanent · LONDON
BA&SH
Sales Assistant f/m - Full Time - London
Permanent · LONDON
NIKE
Nike Part Time Athlete (Sales Associate)
Permanent · Stoke-on-Trent
NIKE
Nike Coach (Service And Training Manager)
Permanent · Stoke-on-Trent
NIKE
Assistant Head Coach (Assistant Store Manager)
Permanent · Taplow
ALPHAOMEGA LONDON
Digital Marketing Assistant
Internship · LONDON
NAMED MODELS
Model Booking Assistant
Internship · LONDON

Beauty manufacturer InnovaDerma warns on profits

Published
Jul 10, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shares in InnovaDerma fell by as much as 22% on Friday morning as investors reacted to news of a “much-reduced” profit for the year to 30 June.


Skinny Tan


The UK developer of beauty, personal care and life science products blamed the impact of Covid-19 and a combination of higher online advertising costs, lower margins of DTC product bundles and the closure of bricks-and-mortar retail channels for the decline in profitability.

However, group revenues are expected to be up 2.3% against the previous year, reaching £13.2 million. InnovaDerma’s self-tanning brand Skinny Tan performed particularly well in the UK and US, with an increase in the number of customers of around 27% and 65% respectively.

InnovaDerma, which also develops and sells men’s skincare brand Charles + Lee, said: “The business has performed resiliently during the pandemic and the subsequent impact on earnings is disappointing. However, the business is financially sound with a strong solid capital structure and operating platform that is well-placed to respond to periods of uncertainty.  

“As lockdown eases across many countries, the board continues to assess opportunities to strengthen the overall business with a clear focus on generating better returns on investment.”

The final results will be announced in September. 

Copyright © 2020 FashionNetwork.com All rights reserved.