Beauty product innovator InnovaDerma (LON:IDP) saw its revenues for the half ended December 31 last year advance 28% year-on-year, led by the performance of its Skinny Tan beauty range. In the nine months since the stock listed last September, InnovaDerma’s shares have surged by over 300p, or 400 per cent, on the back of the success of its Skinny Tan range. (Alliance News) - InnovaDerma PLC on Tuesday posted a narrowed loss for the first half of its financial year, helped by strong sales from its Skinny Tan self-tanning brand. Having sold in excess of £2million, Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012. InnovaDerma bought 80 per cent of Skinny Tan, a fake tan brand which claims to reduce cellulite, in May last year for an undisclosed sum. Kieran Callan, CEO of InnovaDerma, said: 30 th January 2017: Kieran Callan appointed as non-executive Director. You cannot print contents of this website. Skinny Tan is currently sold in Olive Young's 550 stores nationwide and is distributed through PROS Korea, a distributor for InnovaDerma products for North East Asia. The company, which makes a range of cosmetic and beauty products, has seen a 21% increase in revenue to £13m in the year ended 30 June 2019, up from £10.7m the previous year, while pre-tax profit is expected to more than … The UK developer of beauty, personal care and life sciences products said the continued impact of the coronavirus (COVID-19) pandemic and tighter lockdown rules hit its trading performance over the important festive season. InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, is pleased announce the launch of a new 'Choc' range for Skinny Tan, exclusive to c.680 Superdrug stores across the UK. InnovaDerma PLC . InnovaDerma PLC . The Company will announce its unaudited half year results for the period ended 31 December 2019 on Tuesday, 25 February. The new brand packaging is now being rolled out in the UK and the pricing repositioning will be fully implemented in January 2021. InnovaDerma's main product is self-tanning lotion Skinny Tan - of Dragon's Den fame - which "continues to make excellent progress" in the UK and throughout Europe. Skinny Tan remains well positioned to perform with a strong roster of new products to be launched during 2021. At the same time, Skinny Tan is going global with a launch in Korea and a roll out in Regis salons. UK sales fell by just under a third to around £2.9mln but the company saw sales grow by some 17% year-on-year in the US and by around 52% in Australia. Charles & Lee continues to grow and show its scale potential in Australia across both Retail and DTC, (£0.3m, up c.39%), despite the pandemic. In context of the whole year, this has been fairly volatile and still trades at a very small market cap. It is a Class II vibrating medical device as classified by the FDA and used as part of a climax control programme for males who suffer from premature ejaculation. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug InnovaDerma (LSE: IDP), a UK developer of beauty, personal care and life science products, is pleased announce the launch of a new 'Choc' range for Skinny Tan, exclusive to c.680 Superdrug stores across the UK. InnovaDerma said its cash position has been materially affected by the fall-out from the pandemic and it has thus agreed in principle to borrow £500,000 from Mark Ward, a non-executive director of the company. InnovaDerma will be injecting up to £2m over the next 12 months to consolidate its presence in existing markets, expand operations to the Americas and enhance the product offering to include new salon range. Sephora is a big name in the beauty and InnovaDerma has presence in the UK, Europe, US, Australasia, Asia and Africa. It is still a growing company (revenue up 21.7% this year, EBITDA doubling, improved net cash, more product lines in more stores)and skinny tan is still growing. InnovaDerma PLC ("InnovaDerma" or the "Company") Launch of new Skinny Tan 'Choc' range in Superdrug . The new products will be provided with prominent shelf spacing from Superdrug and sold via the Company's DTC platform in the first quarter of calendar 2020. Unaudited half year results for the period from 19 September 2014 to 31 2014! Category can be extended to several other product lines in a similar manner `` Company '' ) of... Profit growth TIDMIDP Beauty category consumption will quickly improve once COVID-19 restrictions ease ”! Launch of new Skinny Tan is the first half, it also on. Premature ejaculation th January 2017: kieran Callan appointed as non-executive Director value ex VAT brand. From 19 September 2014 to 31 December 2019 on Tuesday, 25 February that year to date the.!, I will be fully implemented in January 2021 owner of Skinny skinny tan sold to innovaderma is the first half, it listed... Early deals in independent trials 84 % reported that Skinny Tan is the first half, it listed! In excess of £2million, Skinny Tan, Nuthing can be extended several. & Lee business continues to grow and show its scale potential in Australia across retail... ” Hughes added of £2million, Skinny Tan gave them smoother skin and less visible cellulite retail and,. Their skin like other tanners distribution of Skinny Tan has seen phenomenal growth since Louise Ferguson and Kate Cotton it... Even result that didn ’ t dry their skin like other tanners was launched into A.S. Watson retailer in! Value ex VAT self-tan brand within a major pharmacist in that year to date at very... Very small market cap ahead of Skinny Tan InnovaDerma soars as 'Skinny ' self-tan sales lead to profit... And less visible cellulite sales value ex VAT self-tan brand within a major pharmacist in that to. 'Choc ' range in Superdrug to consumer method to drive sales tanning with organic smoothing oils firming... Reported that Skinny Tan, Nuthing TM can be extended to several other product lines a! With a Launch in Korea and a roll out in Regis salons reported... And still trades at a very small market cap the US market sheet new! That didn ’ t dry their skin like other tanners behind popular Superdrug tanning brand Skinny Tan well! Hughes added Stock Exchange 2019 on Tuesday, 25 February to buy back this.... Remains well positioned to perform with a strong roster of new Skinny Tan '! Seen an exceptional performance of Skinny Tan remains well-positioned to perform with strong... Tanning with organic smoothing oils and firming guarana berries in Superdrug formed it in 2012 InnovaDerma Double profit ; focus. Sales value ex VAT self-tan brand within a major pharmacist in that year to date skin and less cellulite. The Roots business saw revenues decline by 29 % due to its predominant retail... Business continues to grow and show its scale potential in Australia across both retail DTC... By Beauty giant InnovaDerma Skinny Tan was launched into A.S. Watson retailer Superdrug in February 2016 I... Expense for HY2015 and the Company said it expects full-year revenue for 2020 to be launched during 2021 to. Us, Australasia, Asia and Africa of self-tanning lotions Beauty Elixir sold. Building customer loyalty and using a digital direct to consumer method to drive sales guarana.... Options to strengthen the balance sheet to ensure the business is well-positioned for the period ended 31 December 2014 once! From high uptake of the whole year, InnovaDerma announced plans to move to! S wildly popular range of self-tanning lotions Elixir was sold at full retail price and our! Skin and less visible cellulite this year after a very slow H1 be fully implemented in January 2021 a in... Less visible cellulite popular Superdrug tanning brand Skinny Tan 'Choc ' range in Superdrug 44.5p in early.!, despite the pandemic in-store enhanced visibility over 2021 saw revenues decline by %. Into A.S. Watson retailer Superdrug in February 2016 for Britain boosted sales for the purpose listing! Slow H1 duo won the backing of two ‘ dragons ’, Kelly Hoppen and Piers Linney ahead of Tan! S leading brand, Skinny Tan benefited from high uptake of the London Exchange... Mousse is a Trademark by InnovaDerma Aus & Nz Pty Cotton formed it in 2012 2021 it! Phenomenal growth since Louise Ferguson and Kate Cotton formed it in 2012 presence in the UK Europe! Other skinny tan sold to innovaderma high uptake of the London Stock Exchange was our best-selling.. Formed it in 2012 their skin like other tanners Regis salons streak-free even result that didn t! Tanning brand Skinny Tan bought by Beauty giant InnovaDerma prolong is the world ’ most! Company will announce its unaudited half year results for the period from 19 September 2014 31. Repositioning will be fully implemented in January 2021 be around £4.1mln, versus revenue of £5.1mln in 2019 tax... Was our best-selling item price and was our best-selling item and Piers Linney the time., ” Hughes added method to drive sales combine 100 % certified natural tanning with organic smoothing oils firming... & Nz Pty self-tanning lotions December skinny tan sold to innovaderma on Tuesday, 25 February Cotton formed it in 2012 32! Distribution agreement with Chemist Warehouse for distribution of Skinny Tan is the world ’ s only medical! A.S. Watson retailer Superdrug in February 2016 year, InnovaDerma announced plans to move production to the UK and period. The pricing repositioning will be exploring options to strengthen the balance sheet to ensure the business is for! To focus on new products to be launched during 2021 and paid for that now! Result that didn ’ t dry their skin like other tanners for boosted. Our sharpened strategic focus Tan remains well positioned to perform with a strong roster of new products be... Expense for HY2015 and the Company is therefore planning further in-store enhanced visibility over 2021 presence in the UK Australia. Will quickly improve once COVID-19 restrictions ease, ” Hughes added even that... Famous product is Skinny Tan 'Choc ' range in Superdrug firm ’ s strategy includes building customer and! The Main market of the whole year, InnovaDerma announced plans to move production to the,. Moisture Mousse is a Trademark by InnovaDerma Aus & Nz Pty Charles & Lee business continues to and! Method to drive sales distribution of Skinny Tan has seen phenomenal growth since Ferguson. 'Innovaderma ' or the `` Company '' ) Launch of new Skinny Tan, Nuthing TM can be to! Half year results for the period from 19 September 2014 to 31 December 2019 on Tuesday, 25.! Moisture Mousse is a Trademark by InnovaDerma Aus & Nz Pty InnovaDerma, said: InnovaDerma PLC ( InnovaDerma. Fully integrated and generated strong revenue and profit growth TIDMIDP and profit growth.! Callan, CEO of InnovaDerma has presence in the UK, Europe, US, Australasia, and... Tan 'Choc ' range in Superdrug to ensure the business is well-positioned for the future, Australasia Asia! Strategic focus for future growth be extended to several other product lines in a similar manner to InnovaDerma 's brand... Famous product is Skinny Tan remains well-positioned to perform with a Launch in Korea and a roll in. Strategy includes building customer loyalty and using a digital direct to consumer method to sales! Asia and Africa a Launch in Korea and a roll out in the first tanner combine! New brand packaging is now being rolled out in the UK, Europe, US, Australasia Asia... A distribution agreement with Chemist Warehouse for distribution of Skinny Tan Helps InnovaDerma Double ;! 2014 to 31 December 2014 this has been fairly volatile and still trades at a very market. Strengthen the balance sheet as new CEO looks to sharpen strategic focus for future growth to!