In its scheduled update, G4M reports growth in Q1 then weakness in Jul/Aug, albeit sales still accelerated in Europe. We believe the heatwave across its markets is a key factor and sales have improved in early Sept. Management can’t be certain planned growth materialises, though, given the uncertainties and spending squeeze, and is guiding Mar’23 EBITDA down £3m (-31%). Pending more info, we reduce Mar’24 EBITDA too (-17%). Markets were discounting bad news though and, post revision, it’s on onl ....

09 Sep 2022
Weather warning after tricky Jul/Aug

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Weather warning after tricky Jul/Aug
Gear4music (Holdings) PLC (G4M:LON) | 224 13.4 2.8% | Mkt Cap: 47.0m
- Published:
09 Sep 2022 -
Author:
Matthew McEachran -
Pages:
3 -
In its scheduled update, G4M reports growth in Q1 then weakness in Jul/Aug, albeit sales still accelerated in Europe. We believe the heatwave across its markets is a key factor and sales have improved in early Sept. Management can’t be certain planned growth materialises, though, given the uncertainties and spending squeeze, and is guiding Mar’23 EBITDA down £3m (-31%). Pending more info, we reduce Mar’24 EBITDA too (-17%). Markets were discounting bad news though and, post revision, it’s on onl ....