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Half-year FY22 results spotlight: Adore Beauty Group (ASX: ABY)

Adore Beauty Group Ltd (ASX: ABY) H1 FY22 results:

Record revenue: up 18% on PCP to $113.1m

Record customer numbers: 13% increase on PCP to 876k

Returning customer growth: 56% on PCP

Gross profit margin: 33.1%

EBITDA: $3.8m

Strong financial position: $25.1m as at December 31 with no debt.

Adore Beauty CEO Tennealle O’Shannessy said ‘Adore Beauty has delivered another strong financial result with record revenue, active customers and multiple record trading days, one of which was achieved post-lockdown. Valuable returning customers were the key growth driver in H1 FY22, growing 56% on the prior corresponding period and delivering 71% of revenue.

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