Gear4music’s sales increased by 9% to £120.3m in the year to 31st March 2020, according to today’s pre-close trading update. The company stated in an earlier (2 nd April 2020) RNS that FY2020 profits would be ahead of market expectations and this announcement goes on to indicate by how far. With an online distribution focus and positive financial newsflow, the company’s business model remains attractive. Moreover, it appears resistant to the current UK lockdown, as indicated in a relatively sanguine release about coronavirus on 18th March.
23 Apr 2020
Update confirms over-delivered on plans for FY2020
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Update confirms over-delivered on plans for FY2020
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
23 Apr 2020 -
Author:
Chris Wickham -
Pages:
3
Gear4music’s sales increased by 9% to £120.3m in the year to 31st March 2020, according to today’s pre-close trading update. The company stated in an earlier (2 nd April 2020) RNS that FY2020 profits would be ahead of market expectations and this announcement goes on to indicate by how far. With an online distribution focus and positive financial newsflow, the company’s business model remains attractive. Moreover, it appears resistant to the current UK lockdown, as indicated in a relatively sanguine release about coronavirus on 18th March.