G4M indicated in August that strategic and operational actions were yielding positive results, with the objective being improved gross margins. Since then the market has been holding on for quantification of sales and margin data to help cement the investment view, and the H1 update has not disappointed. Gross margin is up 250bps, 170bps higher than we had assumed, and sales increased 16% (only 3% lower than we assumed) against tough comps and despite being a significant transition period for mu ....
22 Oct 2019
Strategic and operational initiatives materially enhance gross margin
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strategic and operational initiatives materially enhance gross margin
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
22 Oct 2019 -
Author:
Matthew McEachran -
Pages:
4
G4M indicated in August that strategic and operational actions were yielding positive results, with the objective being improved gross margins. Since then the market has been holding on for quantification of sales and margin data to help cement the investment view, and the H1 update has not disappointed. Gross margin is up 250bps, 170bps higher than we had assumed, and sales increased 16% (only 3% lower than we assumed) against tough comps and despite being a significant transition period for mu ....