Gear4music reports that trading has remained strong in the 1st 2 months of Q2. Back in July it said it had achieved 68% sales growth in Q1 (to 30 June) along with improved gross margins and cost efficiency, notably in marketing. Today’s update says G4M is continuing to generate improved margins alongside proportionally lower marketing costs YoY, no doubt with additional operating leverage in other cost lines too. As a result, FY21 results “will be at least in line with recently up

01 Sep 2020
Musical notes – in for a fiver, play for a tenner

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Musical notes – in for a fiver, play for a tenner
Gear4music (Holdings) PLC (G4M:LON) | 299 0 0.0% | Mkt Cap: 62.7m
- Published:
01 Sep 2020 -
Author:
Matthew McEachran -
Pages:
4 -
Gear4music reports that trading has remained strong in the 1st 2 months of Q2. Back in July it said it had achieved 68% sales growth in Q1 (to 30 June) along with improved gross margins and cost efficiency, notably in marketing. Today’s update says G4M is continuing to generate improved margins alongside proportionally lower marketing costs YoY, no doubt with additional operating leverage in other cost lines too. As a result, FY21 results “will be at least in line with recently up