Inactive Instrument

InnovaDerma PLC

Equities

IDP

GB00BT9PTW34

InnovaDerma : secures Boots Ireland

June 01, 2017 at 12:46 pm

RNS Number : 7729G

InnovaDerma PLC

01 June 2017

InnovaDerma PLC

("InnovaDerma" or the "Company")

Skinny Tan secures distribution deal with Boots Ireland

InnovaDerma (LSE: IDP), a UK developer of life sciences, beauty and personal care products, provides the following update.

Boots Ireland

The Company is pleased to announce it has secured a distribution deal with Boots Ireland for Skinny Tan. Skinny Tan will initially be stocked in at least 35 of the largest Boots stores across the Republic of Ireland.

Boots Ireland is a leading pharmacy-led health and beauty retailer with 80 Boots Ireland stores and just over 2,000 employees*.

Current trading

Trading continues to be very strong and revenue growth has continued on its positive momentum with May achieving the highest-ever monthly revenue. The Company will provide a pre-close trading update on 19 June 2017.

*As of 2015

Haris Chaudhry, Executive Chairman of InnovaDerma said:

"We are really delighted to have secured Boots in the Republic of Ireland which is a new territory for Skinny Tan and we look forward to significantly expanding our retail distribution footprint to new retailers throughout our key markets. The deal underpins the success of our go to market strategy, our demonstrated expertise in creating footfall to retailers and the strength of our flagship brand. The opportunities that exist within the business combined with our ability to expand into new markets are very exciting and the Board looks to the future with increasing confidence."

Further enquiries:

InnovaDerma Haris Chaudhry/Joe Bayer	+61 (0)3 9111 0071
Sole broker Hybridan LLP Claire Noyce	+44 (0)203 764 2341
Cardew Group Shan Shan Willenbrock David Roach	+ 44 (0)20 7930 0777

About InnovaDerma:

InnovaDerma PLC (LSE: IDP) specializes in the research, manufacture and marketing of clinically proven products in life sciences, beauty and personal care products. InnovaDerma has presence in the UK, US, Australia, New Zealand, Philippines, South Africa, Hong Kong and South Korea.

www.innovaderma.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Innovaderma plc published this content on 01 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 June 2017 16:46:18 UTC.

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Company Profile

InnovaDerma PLC specializes in the development, manufacture and marketing of beauty and personal care products for the treatment of hair loss, prevention of skin aging and body contouring. Net sales break down by activity as follows: - beauty and skin care products (94.1%): sold under the Charles + Lee, Skinny Tan and Stevie K brands; - Haircare products (4.3%): Leimo and Roots brands; - wellness products and medical devices (1.6%); Net sales break down geographically as follows: the United Kingdom (77.6%), United States (11.3%) and Asia/Pacific (11.1%).

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