The TRILOGYINT FPO NZX (ASX: TIL) or Trilogy International share price is down 11% today after the natural beauty products business updated the market on its performance for the half-year period ending September 30, 2017.
The group told shareholders at its AGM in downtown Auckland that it expects revenues and EBITDA to exceed NZ$50 million and NZ$6 million for the half year, with annual growth in EBITDA and revenues for the year ending March 30 2018 to be "greater than 10%".
The group also flagged that the growth is expected to be "skewed towards the second half" after a "challenging" first half, which it blamed on issues with its Ecoya beauty business and weakness in the Australian skincare market.
Investors have voted with their sell buttons today and the company will hope to prove them wrong by delivering a strong second half that will include the important Christmas trading period.
Shares in the business behind the Sukin natural beauty products brand, BWX Ltd (ASX: BWX), fell in sympathy today to shed 1.5%, while the broader market trades flat.
