The gross margin & capacity setbacks that impacted FY19 are well documented. In our opinion, these are transient in nature and growth related, rather than structural. They are already being addressed with a raft of initiatives to improve gross margins and operating efficiency. While early in the year, positive trends are reportedly being seen as a result, and the tone of the outlook statement is confident. Our forecasts assume only modest EBITDA margin improvement, so look well underpinned. Give ....
25 Jun 2019
Early signs of margin rebuild are cause for optimism
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Early signs of margin rebuild are cause for optimism
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
25 Jun 2019 -
Author:
Matthew McEachran -
Pages:
3
The gross margin & capacity setbacks that impacted FY19 are well documented. In our opinion, these are transient in nature and growth related, rather than structural. They are already being addressed with a raft of initiatives to improve gross margins and operating efficiency. While early in the year, positive trends are reportedly being seen as a result, and the tone of the outlook statement is confident. Our forecasts assume only modest EBITDA margin improvement, so look well underpinned. Give ....