Beauty Tech Group upgraded its profit expectations as a bumper listing on the London stock market boosted the company’s profile.
Boss Laurence Newman said there was no doubt its October float ‘added to the growing awareness’ of it and the at-home beauty device sector.
‘It traded ‘strongly’ in October and November.
And this ‘ever-increasing’ awareness was ‘driving strong sales growth,’ Newman said, helping sales forecasts to rise from £117million to £128million for this year.
The Cheshire firm said annual profits are now set to be £32million compared to previous expectations of £29.7million after a 27 per cent rise in sales to £55.2million in the first half.
Shares rose 9.4 per cent, or 21p, to 244p yesterday.
Gadgets: Cheshire-based Beauty Tech Group sells LED face masks under its CurrentBody brand
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