Gear4music expects FY profits to beat expectations
By Iain Gilbert
Date: Thursday 02 Apr 2020
(Sharecast News) - Musical equipment retailer Gear4music expects full-year profits to be ahead of previous expectations following commercial and operational progress made during the period.
The AIM-listed group said it had implemented "fundamental changes" across its business to ensure "a safe environment in line with current Government guidance".
Gear4music stated its call centre and administrative teams were all "successfully working from home" and noted it had implemented a wide range of social distancing measures and safety protocols in its distribution centres in the UK and Europe.
Chief executive Andrew Wass said: "Whilst it is impossible to predict what further operational actions may become necessary during the coming weeks and months, we remain committed to operating safely and serving our valued customers for as long as Government guidance allows.
"In addition to the economic benefits of uninterrupted trading, we are driven by the knowledge that learning a new instrument or improving musical skills can bring enormous mental wellbeing benefits to people of all ages, particularly in challenging times like these."
As of 0945 BST, Gear4music shares had shot up 24.18% to 211.10p.
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10 Lower Thames St,
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