Gear4music Holdings: Ready To Rock
Edison | Oct 24, 2017 12:25AM ET
While revenue and customer KPIs continue to grow robustly, Gear4music Holdings PLC (LON:G4M) is preparing the next stage of expansion. The first half saw the start of the planned investment associated with the May placing, the new head office structure, and the move to positive contribution in the two European hubs. It ends with the launch of the US$ website opening a new front in a larger market, and the company strongly positioned for the key pre-Christmas season.
H1 results: Strong trading, reloading for next stage
After a first half focused on expected investment and positioning for the next stage of expansion, G4M reported strong interim revenue growth of 44% y-o-y to £31.2m with pre-tax profit at break-even. Margin pressures have been well managed and, as planned, significant investment has been laid down ahead of the key second-half trading period. KPIs are ahead across the board and the two European hubs have ended the period profit-positive.
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