A solid Q4 delivered our expectations for full year gross profit, with EU sales performance improving. However, UK conditions softened slightly in Feb/Mar and, alongside cost pressures/ inflation, FY profits are £0.9m shy of expectations. Recognising stronger headwinds since last appraising forecasts, management has moderated outer year growth expectations too. These downgrades will likely disappoint, albeit the strategy is working and there is confidence in the pipeline of growth initiatives, n ....
21 Apr 2022
Plenty of initiatives but growth prudently moderated
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Plenty of initiatives but growth prudently moderated
Gear4music (Holdings) PLC (G4M:LON) | 145 11.6 5.8% | Mkt Cap: 30.4m
- Published:
21 Apr 2022 -
Author:
Matthew McEachran -
Pages:
3
A solid Q4 delivered our expectations for full year gross profit, with EU sales performance improving. However, UK conditions softened slightly in Feb/Mar and, alongside cost pressures/ inflation, FY profits are £0.9m shy of expectations. Recognising stronger headwinds since last appraising forecasts, management has moderated outer year growth expectations too. These downgrades will likely disappoint, albeit the strategy is working and there is confidence in the pipeline of growth initiatives, n ....