Focusrite has delivered an outstanding first half with substantial growth on all metrics, across all territories and in both product brand groups. Constant currency revenue growth of 26% is double that of FY17 although, after an unprecedented pre-Christmas period, it is possible that the shape of trading may be becoming more seasonal. The company has net cash of c £20m, and the share price appears to discount a return on that.
24 Apr 2018
Focusrite - Outstanding first half
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Focusrite - Outstanding first half
Focusrite PLC (TUNE:LON) | 335 16.8 1.5% | Mkt Cap: 198.4m
- Published:
24 Apr 2018 -
Author:
Paul Hickman -
Pages:
8
Focusrite has delivered an outstanding first half with substantial growth on all metrics, across all territories and in both product brand groups. Constant currency revenue growth of 26% is double that of FY17 although, after an unprecedented pre-Christmas period, it is possible that the shape of trading may be becoming more seasonal. The company has net cash of c £20m, and the share price appears to discount a return on that.