UK's Beauty Tech raises annual sales, profit forecasts after strong first half

July 7 (Reuters) - British at-home beauty device maker The Beauty Tech Group raised its annual revenue and profit forecasts on Tuesday, citing strong first-half growth across its core brands and key markets.

Here are some more details:

• The company forecast revenue of no less than £170 million ($227.39 million) and adjusted core profit of at least £45 million for the year ending December 31.

• The forecasts are above analyst expectations of £161.7 million and £41.5 million in a company-compiled consensus.

• The beauty tech firm said that it maintained strong momentum through the first six months, with half-year revenue expected to come in materially ahead of the same period last year.

• "With a number of product launches in the pipeline, coupled with the At-Home Beauty Device market continuing to grow at pace, we enter the second half of the year with positive momentum," - CEO Laurence Newman

• The group is scheduled to publish its interim results for six months to June 30, 2026 in September.

($1 = 0.7476 pounds)

(Reporting by Anushka Chourasia in Bengaluru; Editing by Nivedita Bhattacharjee)