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Profit growth and lower debt: a lot to like about Venture Life

The self-care business is returning to growth, launching new products and better cash flow means it can cut debt
April 9, 2024
  • 2023 revenue up 17 per cent to £51.4mn
  • Adjusted operating profit rises 12 per cent to £3.9mn
  • Underlying EPS of 5.2p
  • Net debt cut 17 per cent to £13.7mn

Annual results from Aim-traded Venture Life (VLG:37p), a developer, manufacturer and distributor of products for the self-care market, highlight that the group has not only returned to growth, but improving free cash flow (up from £2.8mn to £4.8mn) is reducing debt, too.

A key driver has been enhancing branding and marketing efforts to expand the reach of the group’s owned brands to a broader audience. On a proforma basis, the segment delivered 9.3 per cent like-for-like revenue growth to account for 59 per cent of group revenue. Energy brand Lift was a notable performer, reporting 15 per cent higher revenue and 52 per cent growth in online sales, buoyed by more effective marketing campaigns and pharmacy distribution.

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