Gear4music has issued a trading update for the 6 months to Sep’20, highlighting strong top line growth of 42% (N1e: 35%), which can be attributed to the CV19 lockdown and channel shift. Alongside this, the group reported a gross margin improvement of 330bps (N1e: 200bps), reflecting management’s successfully executed operational strategy outlined just over a year ago. On the back of the announcement we have upgraded our FY21 gross margin by 110bps, which leads to a pre-IFRS 16 EBITDA upgrade of ....
22 Oct 2020
Strong H1 reflects well executed operational strategy
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Strong H1 reflects well executed operational strategy
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
22 Oct 2020 -
Author:
Matthew McEachran -
Pages:
3
Gear4music has issued a trading update for the 6 months to Sep’20, highlighting strong top line growth of 42% (N1e: 35%), which can be attributed to the CV19 lockdown and channel shift. Alongside this, the group reported a gross margin improvement of 330bps (N1e: 200bps), reflecting management’s successfully executed operational strategy outlined just over a year ago. On the back of the announcement we have upgraded our FY21 gross margin by 110bps, which leads to a pre-IFRS 16 EBITDA upgrade of ....