A number of factors have combined to produce excellent interim results for Focusrite: strong demand for its leading products, exposure to the buoyant US market, a promising result from sales to Amazon, good margin control, and a significant increase in cash generation. We are upgrading our forecasts, cautiously in view of consumer markets, although opportunities in the Far East and online represent potential upside.
03 May 2017
Strong delivery with further potential
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong delivery with further potential
Focusrite PLC (TUNE:LON) | 310 0 0.0% | Mkt Cap: 183.6m
- Published:
03 May 2017 -
Author:
Paul Hickman -
Pages:
8
A number of factors have combined to produce excellent interim results for Focusrite: strong demand for its leading products, exposure to the buoyant US market, a promising result from sales to Amazon, good margin control, and a significant increase in cash generation. We are upgrading our forecasts, cautiously in view of consumer markets, although opportunities in the Far East and online represent potential upside.