Focusrite has reported solid H119 revenue growth, reflecting particularly strong performance in Europe and for its Focusrite ranges globally. We leave forecasts unchanged, recognising the macroeconomic challenges in H2 arising from US tariffs and Brexit. The company is actively seeking opportunities to use its substantial net cash balance (H119: £26.2m), as reflected in the current valuation.
19 Mar 2019
Focusrite - A solid first-half performance
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Focusrite - A solid first-half performance
Focusrite PLC (TUNE:LON) | 335 0 0.0% | Mkt Cap: 198.4m
- Published:
19 Mar 2019 -
Author:
kate Heseltine -
Pages:
4
Focusrite has reported solid H119 revenue growth, reflecting particularly strong performance in Europe and for its Focusrite ranges globally. We leave forecasts unchanged, recognising the macroeconomic challenges in H2 arising from US tariffs and Brexit. The company is actively seeking opportunities to use its substantial net cash balance (H119: £26.2m), as reflected in the current valuation.