Gear4music (Holdings) PLC Trading Update (2607Q)
25 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMG4M
RNS Number : 2607Q
Gear4music (Holdings) PLC
25 February 2021
25 February 2021
Gear4music (Holdings) plc
Trading Update
Gear4music (Holdings) plc ("Gear4music" or "the Group"), the
largest UK based online retailer of musical instruments and music
equipment, today announces the following trading update.
We are pleased to report that Group trading performance in the
2021 calendar year to date continues to be strong. Both our UK and
European Operations have performed well post Brexit, helping to
drive revenue growth and support margins that have exceeded our
previous expectations.
The Board now expects EBITDA for the 12 months ending 31 March
2021 ("FY21") will be not less than GBP18.2m, up from the guidance
provided on 14 January 2021 of not less than GBP16.5m.
The Group will provide a more detailed announcement regarding
FY21 trading no later than 23 April 2021.
- Ends -
Enquiries:
Gear4music
Andrew Wass, Chief Executive Officer
Chris Scott, Chief Financial Officer +44 (0)20 3405 0205
N+1 Singer - Nominated Adviser and Broker
Peter Steel/Amanda Gray, Corporate Finance
Tom Salvesen, Corporate Broking +44 (0)20 7496 3000
Alma - Financial PR +44 (0)20 3405 0205
Helena Bogle gear4music@almapr.co.uk
Harriet Jackson
Josh Royston
Faye Calow
About Gear4music .com
Operating from a Head Office in York, and Distribution Centres
and showrooms in York, Sweden and Germany, the Group sells
own-brand musical instruments and music equipment alongside premium
third-party brands including Fender, Yamaha and Roland, to
customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and, more recently, into the Rest
of the World.
Having developed its own e-commerce platform, with multilingual,
multicurrency websites delivering to over 190 countries, the Group
continues to build its overseas presence.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
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END
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