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sis SCIENCE IN SPORT RNS Number : 7808L Science in Sport PLC 15 September 2021 15 September 2021 AIM : SIS SCIENCE IN SPORT PLC ( " Group " or " Company " ) Interim results for the six months ended 30 June 2021 Growth momentum regained Company strongly positioned for further progress in H2 Revenue up 24 % to £ 29.3m ( H1 2020 : £ 23.6m ) , returning to 20 % + growth rates while negotiating ongoing coronavirus challenges O both brands contributed , with PhD sales up 15 % to £ 13.4m and SiS sales up 34 % to £ 15.9m O O HIGHLIGHTS new product innovation accounted for £ 1.5m ( 26 % ) of H1 growth ( H1 2020 : £ 1.4m ) non - UK sales increased to 40 % of total sales ( H1 2020 : 38 % ) Online sales up 44 % to £ 15.7m ( H1 2020 : £ 10.9m ) , supported by increased investment - 54 % of total revenue ( H1 2020 : 46 % ) Retail sales returned to growth despite pandemic restrictions in many key markets ; O UK retail sales up by 8 % to £ 8.4m ( H1 2020 : £ 7.7m ) O International retail sales up by 6 % to £ 5.2m ( H1 2020 : £ 4.9m ) Gross margin increased by 400bps to 52 % ( H1 2020 : 48 % ) , reflecting continued supply chain efficiencies , increased online sales , and product mix Underlying * EBITDA of £ 0.6m - after one - off Brexit - related costs of c . £ 0.7m ( H1 2020 : underlying loss of £ 0.2m ) Capital investment increased to £ 2.7m ( H1 2020 : £ 0.9m ) ; investment was focused on the new customer data platform and new supply chain facility in Blackburn Robust balance sheet with cash of £ 8.2m at 30 June 2021 - ahead of management expectations ( 31 Dec 2020 : £ 10.5m and 30 June 2020 : £ 9.0m ) Trading has been strong in the first two months of H2 , and while there are still some challenges and uncertainties , the Group expects to exceed its revenue targets for the year * excludes depreciation , amortisation , share - based payments , and foreign exchange variances on intercompany balances Stephen Moon , Chief Executive Officer of Science in Sport plc , said : " Trading over the first half of the financial year recovered well , gaining momentum as coronavirus pandemic restrictions lifted . The Group returned to over 20 % revenue growth , overcoming Brexit supply chain disruptions . Science in Sport plc Stephen Moon , CEO James Simpson , CFO " Gross margin percentage and underlying profitability continued to improve . This reflected last year's strategic progress and continued investment in our premium brands and online capability . " The second half has started strongly for us , and we are continuing to manage successfully input cost pressure . While uncertainties remain , we expect to exceed revenue targets for the year , and continue to be very optimistic about growth prospects over the medium and long - term . " Liberum ( Nominated adviser and broker ) Richard Lindley , James Greenwood , Will Hall T : 020 7400 3700 T : 020 3100 2000