G4M delivered a solid performance over its peak Q3 trading period, with financial performance in line with Board expectations. Group sales rose 5% over last year, with Europe performing particularly strongly (+11%). In the UK, sales were flat, with Royal Mail strikes and their knock-on impacts compounding the effects of weaker consumer sentiment. Lower marketing spend and labour efficiencies offset a temporarily softer gross margin, with G4M reiterating that FY23E EBITDA and net debt reduction a ....
19 Jan 2023
PROGRESSIVE: Gear4Music: Steady progress over peak trading period
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PROGRESSIVE: Gear4Music: Steady progress over peak trading period
Gear4music (Holdings) PLC (G4M:LON) | 142 0 0.0% | Mkt Cap: 29.9m
- Published:
19 Jan 2023 -
Author:
David Jeary -
Pages:
4
G4M delivered a solid performance over its peak Q3 trading period, with financial performance in line with Board expectations. Group sales rose 5% over last year, with Europe performing particularly strongly (+11%). In the UK, sales were flat, with Royal Mail strikes and their knock-on impacts compounding the effects of weaker consumer sentiment. Lower marketing spend and labour efficiencies offset a temporarily softer gross margin, with G4M reiterating that FY23E EBITDA and net debt reduction a ....