Focusrite has delivered 23% H119 earnings growth, despite market headwinds, reflecting continued market share gains for its Focusrite ranges, a strong performance in Europe and 260bp gross margin improvement. The company is actively seeking opportunities to use its substantial £26m net cash balance, as reflected in the current valuation.
30 Apr 2019
Focusrite - Earnings growth despite market headwinds
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Focusrite - Earnings growth despite market headwinds
Focusrite PLC (TUNE:LON) | 335 0 0.0% | Mkt Cap: 198.4m
- Published:
30 Apr 2019 -
Author:
kate Heseltine -
Pages:
7
Focusrite has delivered 23% H119 earnings growth, despite market headwinds, reflecting continued market share gains for its Focusrite ranges, a strong performance in Europe and 260bp gross margin improvement. The company is actively seeking opportunities to use its substantial £26m net cash balance, as reflected in the current valuation.