by Javier Fontdegloria
Venture Life Group plc said uncertainties arising from COVID-19 and supply-chain challenges impact its near-term sales outlook, and said its chairman would retire.
The UK maker of consumer care products said turnover for the year would be no less than £32 million ($42.6 million), but the final outcome is uncertain as the Covid-19 pandemic dents confidence, soars input prices and some components. shortage remains.
The company said that the integration of the latest acquisitions is on track and is performing well.
Chief Executive Jerry Randall said, “Despite difficult business conditions through COVID-19, the business will drive annual revenue growth from 2020 to 2021 and we expect this growth to continue well ahead of any new acquisitions in 2022.”
Venture Life Group also said that Chairman Lynn Drummond is retiring from the board, and a process is underway to identify a successor. The company also announced that Daniel Wells has been appointed as Chief Financial Officer, replacing Andrew Waters.
Write to Xavier Fontdegloria at [email protected]