VENTURE LIFE GROUP PLC (VLG) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the VENTURE LIFE GROUP PLC interim results investor presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the q and a tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company can review all the questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to CEO, Jerry Randall. Good afternoon to you, sir. Good afternoon. Thanks, Alessandro. Thanks for the introduction. Welcome, everyone. I'm Gerry Randle, CEO, VENTURE LIFE. By my side, Danny Wells, CFO. Welcome to our interim results presentation. We'll take you through the slides. And as already mentioned, happy to look at any questions towards the end. So on the first slide here, we're just drawing out some of the key highlights from our first half twenty twenty four results. We saw the VENTURE LIFE brands revenue grow by 8%. The VENTURE LIFE brands constitute approximately 60% of our overall revenues. And within that, we've got just over 50% of that is in The UK, where we support it with marketing, advertising promotion, and the balance outside of The UK in a number of different countries where we use distribution partners where we don't support with marketing. That's the responsibility of the partners. So 8% growth overall on Aventure Life brands, that's 6% in terms of volume and 2% from price. So we're still seeing the ability to put price increases through on certain products selectively. And if we look just at The UK pa...