CurrentBody owner The Beauty Tech Group has upped its financial forecast for 2025 after “strong trading momentum” heading into the final quarter of the year.
In its first trading statement since becoming a public company, the beauty device company said that revenue for the full year to 31 December will be no less than £128m.
Revenue of £117m was previously forecasted for the 2025 financial year.
Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) are expected to be no less than £32m, up from the £29.7m previously expected.
The Beauty Tech Group owns at-home beauty device brands CurrentBody, Ziip and Tria Laser.
The upgraded financial outlook sent shares of the device maker up more than 10% in morning trading on the London Stock Exchange (LSE).
A strong performance in the third quarter has continued into October and November, the company said in a statement.
This was a result of “the ever-increasing awareness of the at-home beauty device sector” and the company’s “market leading products driving strong sales growth across its core business and across all key markets”.
Laurence Newman, CEO of The Beauty Tech Group, said: “I am pleased to report that the strong trading momentum the group experienced in Q3 has continued into Q4.
“There is no doubt that the successful IPO has added to the growing awareness of both The Beauty Tech Group and the at-home beauty device sector in which we operate.
“We are excited to enter the important Black Friday and Christmas trading period in a strong financial and operational position, and I look forward to updating shareholders on our full year performance in January.”
The Beauty Tech Group launched an initial public offering (IPO) in October with a market value of £300m.