Adore Beauty (ASX:ABY) Targets 30% Revenue Growth and Double EBIT Margin in New Three-Year Plan

Mon 30 Dec 24, 02:47 AM | Team Kalkine

Image source: Shutterstock

Highlights

In FY24, Adore Beauty’s annual revenue reached AUD 195.7 million, a 7.4% YoY

In first seven weeks of FY25, revenue increased by 7.0% YoY.

The company aims to achieve 30% revenue growth and double EBIT margin within three years.

Established in 2000, Adore Beauty Group Limited (ASX: ABY) is an ASX-listed online retailer that deals in beauty and skincare products. The company delivered significant increase in earnings in the financial year 2024 (FY24). During the fiscal year, annual revenue reached AUD195.7 million, marking a 7.4% increase compared to the prior corresponding period (pcp). In FY24, the company's reported EBITDA surged to AUD4.8 million, marking a remarkable 661% increase over the previous year, reflecting a strong EBITDA margin of 2.5%, in line with the company’s guidance.

FY25 trading update

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