Beauty Tech raises earnings target and plans £20 million buyback
The Beauty Tech ($TBTG) Group reported first-half revenue of £79.7 million, up 44.3%, and adjusted EBITDA of £21.3 million, up 53%. The adjusted EBITDA margin increased to 26.7%, while statutory pre-tax profit reached £17.5 million. Management raised its full-year adjusted EBITDA expectation to at least £48.5 million and retained a revenue floor of £170 million. The group ended the half with £52 million of net cash and no debt. It also announced plans for a share buyback of up to £20 million, ex
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