G4M has released its FY22 full-year trading update. Widely reported
macroeconomic factors impacting consumer confidence have seen weakerthan-expected sales in February and March. While gross margin has
remained strong, this has resulted in lower sales and EBITDA relative to
consensus expectations. With overhead cost pressure compounding weaker
consumer confidence, especially in H1 FY23E, we believe accordingly that it
is prudent to revise outer year forecasts, summarised in the table below and
detailed within this note. Strong stock levels will support G4M’s distribution
capability, particularly in the new European distribution centres.
21 Apr 2022
Weaker end to year; outlook moderated to reflect broader consumer uncertainty
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Weaker end to year; outlook moderated to reflect broader consumer uncertainty
Gear4music (Holdings) PLC (G4M:LON) | 145 -11.6 (-5.2%) | Mkt Cap: 30.4m
- Published:
21 Apr 2022 -
Author:
David Jeary -
Pages:
7
G4M has released its FY22 full-year trading update. Widely reported
macroeconomic factors impacting consumer confidence have seen weakerthan-expected sales in February and March. While gross margin has
remained strong, this has resulted in lower sales and EBITDA relative to
consensus expectations. With overhead cost pressure compounding weaker
consumer confidence, especially in H1 FY23E, we believe accordingly that it
is prudent to revise outer year forecasts, summarised in the table below and
detailed within this note. Strong stock levels will support G4M’s distribution
capability, particularly in the new European distribution centres.