Performance in FY20 is substantially ahead of expectations; EBITDA is expected to be no less than £7.0m, equating to at least £5.6m pre-IFRS16, a beat of >36% versus our forecast (>52% in H2). While trading has strengthened as a result of Covid-19 lock-down and the channel shift, this has principally been a feature post period end. The determining factor in FY20 was successful execution of the strategic, commercial and operational initiatives outlined a year ago in response to growth pains in la ....

23 Apr 2020
Performance in FY20 smashes expectations, H2 EBITDA margin >6%

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Performance in FY20 smashes expectations, H2 EBITDA margin >6%
Gear4music (Holdings) PLC (G4M:LON) | 252 0 0.0% | Mkt Cap: 52.9m
- Published:
23 Apr 2020 -
Author:
Matthew McEachran -
Pages:
4 -
Performance in FY20 is substantially ahead of expectations; EBITDA is expected to be no less than £7.0m, equating to at least £5.6m pre-IFRS16, a beat of >36% versus our forecast (>52% in H2). While trading has strengthened as a result of Covid-19 lock-down and the channel shift, this has principally been a feature post period end. The determining factor in FY20 was successful execution of the strategic, commercial and operational initiatives outlined a year ago in response to growth pains in la ....