Gear4music’s pre-close FY2020 H1 trading statement reported brisk 16% sales growth. However, investors should focus on a 250 basis points rise in gross margins. Moreover, G4M expects full year financials to meet company expectations, and EBITDA margin recovery should be a key driver. With its refocused growth strategy firmly in place, warehousing and logistics in order and an attractive current valuation, prospects for the share price look more positive.
22 Oct 2019
Moving to the rhythm
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Moving to the rhythm
Gear4music (Holdings) PLC (G4M:LON) | 145 11.6 5.8% | Mkt Cap: 30.4m
- Published:
22 Oct 2019 -
Author:
Chris Wickham -
Pages:
2
Gear4music’s pre-close FY2020 H1 trading statement reported brisk 16% sales growth. However, investors should focus on a 250 basis points rise in gross margins. Moreover, G4M expects full year financials to meet company expectations, and EBITDA margin recovery should be a key driver. With its refocused growth strategy firmly in place, warehousing and logistics in order and an attractive current valuation, prospects for the share price look more positive.