G4M’s interim results were in line with Board expectations, reflecting the previously disclosed sales and gross margin performance, together with some operational deleverage against last year’s exceptional H1 performance. The group reported H1 EBITDA of £4.8m, compared with £8.5m last year, from turnover 8% lower and resilient underlying product margins down just 30bps. While the H1 results were in line with management expectations, Q3 trading in Europe has to date been slower than expected. The ....
16 Nov 2021
Interim results in-line… …with revised forecasts on slower Q3 European sales
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Interim results in-line… …with revised forecasts on slower Q3 European sales
Gear4music (Holdings) PLC (G4M:LON) | 137 0 0.0% | Mkt Cap: 28.7m
- Published:
16 Nov 2021 -
Author:
David Jeary -
Pages:
11
G4M’s interim results were in line with Board expectations, reflecting the previously disclosed sales and gross margin performance, together with some operational deleverage against last year’s exceptional H1 performance. The group reported H1 EBITDA of £4.8m, compared with £8.5m last year, from turnover 8% lower and resilient underlying product margins down just 30bps. While the H1 results were in line with management expectations, Q3 trading in Europe has to date been slower than expected. The ....