Revenue in the first four months grew significantly faster than we forecast for the full year, particularly in Europe, and the additional post-referendum boost to sales was considerable. That is important in view of the group’s stated strategic objective to grow European share. It is too early for us to revisit forecasts, but these strong results provide added assurance and de-risk the remaining eight months. We maintain our 186p valuation.
29 Jul 2016
Well ahead in first four months
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Well ahead in first four months
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
29 Jul 2016 -
Author:
Paul Hickman -
Pages:
5
Revenue in the first four months grew significantly faster than we forecast for the full year, particularly in Europe, and the additional post-referendum boost to sales was considerable. That is important in view of the group’s stated strategic objective to grow European share. It is too early for us to revisit forecasts, but these strong results provide added assurance and de-risk the remaining eight months. We maintain our 186p valuation.