Wellness Group BWX (ASX:BWX) flaunts new brand collabs as net profit soars over 133%

  • February 26, 2021 03:25 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    22208 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

Wellness Group BWX (ASX:BWX) flaunts new brand collabs as net profit soars over 133%

Source:Elle Aon,Shutterstock


  • Despite a nominal revenue hike of 0.6%, BWX Limited reported spectacular growth in its EBITDA and Net profit.
  • As its key markets were impacted by COVID-19, the company has formed various brand partnerships to kickstart the growth for its brands.

BWX Limited (ASX:BWX) today announced its first-half results for the period ended 31 December 2020, besides embarking on a slew of exciting partnerships. After the announcement, its share price shot up more than 11% to trade at A$4.470, as of 2:16 PM AEDT.

With its different key markets witnessing varying COVID-19 impacts, the natural beauty products maker has announced moderate growth for the period.

While the revenue increase was a nominal 0.6% to A$84.5 million, the company witnessed a whopping 53.5% increase in its reported EBITDA to reach A$17.5 million. Statutory net profit also jumped 133.1% to A$9.9 million. The company has declared a fully franked interim dividend of 1.0 Australian cent per share.

 Good Read: Natural Beauty Brands Owner BWX joins hands with THG, market glows

Source: © Subbotina - Megapixl.com

Commenting on the financial results, BWX Group CEO and Managing Director Dave Fenlon underscored the significance of having a proactive and responsive approach while navigating through the COVID-19 pandemic in the 2021 financial year. He added that the company had shown resilience and stayed optimistic about achieving revenue and earnings as per target.

Natural beauty brands owner BWX Group announced various strategic alliances to promote and sell its products effectively in Australia and international markets. The wellness brand got in an equity-linked partnership with Australia’s largest pharmacy group - Chemist Warehouse Group. Under the agreement, BWX will become a platinum supplier to the Chemist Warehouse Group by trading off its fully paid ordinary shares. The partnership will kickstart the growth of its wellness brands such as Sukin, Andalou Naturals and Mineral Fusion.

Meanwhile, a partnership with retail giant Woolworths Group will see Sukin products being launched across 930 Woolworths stores.


Source: © Almaje | Megapixl.com

Moreover, BWX is also launching its first ten websites in five countries via a British e-commerce company, The Hut Group. To increase distribution via global retailers and relaunch its brand Mineral Fusion, BWX has collaborated with Wholefoods. The alliance will help push its revenue recovery in the North American region. Notably, BWX is also forming a partnership with the co-founders of a global skincare brand - “YES To”. The wellness group is introducing its new masstige natural skincare brands into the market through YES To.

BWX Group is monitoring the external market conditions to lay out the strategy for its brands. For the full-year guidance, the company reinstated its 10% growth in revenue and 10% growth in EBITDA.

Also Read: 5 ASX Growth Stocks Under $5



The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK