Notice of Results Update

RNS Number : 3683T

Venture Life Group PLC

20 March 2019

 

20 March 2019

VENTURE LIFE GROUP PLC

("Venture Life" or the "Group")

Notice of Results Update

Venture Life Group plc (AIM: VLG), announces that the Company expects to announce its audited results for the year ended 31 December 2018 in early April or before. This minor delay to the original timetable is a result of the audit process taking slightly longer than planned, due principally to recent personnel changes in the Company's finance function and increased complexity arising from the implications of reporting standards, including IFRS 9 and 15. Further to the announcement on 29 January 2019, the Company continues to expect to report revenue of £18.7 million, a 16% increase over the prior year and for adjusted EBITDA to be at least in line with market expectations.

ENDS

For further information, please contact:

Venture Life Group PLC	[phone]
Jerry Randall, Chief Executive Officer
Cenkos Securities Ltd (Nomad and Broker)	[phone]
Mark Connelly / Stephen Keys / Cameron MacRitchie (Corporate Finance)
Russell Kerr / Michael Johnson (Sales) Alma PR Rebecca Sanders-Hewett / Hilary Buchanan / Helena Bogle / Jessica Joynson	[phone]

About Venture Life (www.venture-life.com)

Venture Life is an international consumer self-care company focused on developing, manufacturing and commercialising products for the global self-care market. With operations in both the UK and Italy, the Group's product portfolio includes some key products such as the UltraDEX and Dentyl oral care product ranges, food supplements for maintaining brain function, medical devices for women's intimate healthcare and proctology and dermo-cosmetics for addressing the signs of ageing.

The products, which are typically recommended by pharmacists or healthcare practitioners, are available primarily through pharmacies and grocery multiples. In the UK these are supplied direct by the company, outside of the UK they are supplied by the Group's international distribution partners. 

Through its Development & Manufacturing business in Italy, Biokosmes, the Group also provides development and manufacturing services to companies in the medical devices and cosmetic sectors.

 

END

 

 

NORCKCDQKBKBKND