Focusrite (TUNE)

Sector:

Leisure Products

Index:

FTSE AIM 100

335.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 605.00
  • 52 Week Low: 285.00
  • Currency: UK Pounds
  • Shares Issued: 59.21m
  • Volume: 73,736
  • Market Cap: £198.36m

Focusrite lifts expectations as strong demand continues

By Josh White

Date: Tuesday 20 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Audio production equipment and software company Focusrite updated the market on its trading on Tuesday, reporting that demand had remained "strong" since the start of its second half on 1 March.
The AIM-traded firm said that as a result, it now expected revenue for the full-year ending 31 August to be ahead of market expectations.

In addition, it said profitability for the full year would be "significantly ahead" of expectations as a result of strong trading, together with a substantial decrease in travel and trade shows due to the restrictions and changes in working practices caused by the Covid-19 pandemic.

The board did not expect those cost savings to be recurring, however.

"Despite the strong demand for most of the company's products, the board remains conscious of factors that are currently impacting operations adversely, in particular the previously=reported effect of supply constraints due to the global shortage of semiconductors and other components as widely reported by many manufacturers of electronics," the directors of Focusrite said in their statement.

"The group is experiencing continuing disruption to the supply chain; and freight and shipping costs are significantly higher than normal, principally caused by the effects of Covid-19."

At 0914 BST, shares in Focusrite were up 1.42% at 1,425p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Focusrite Market Data

Currency UK Pounds
Share Price 335.00p
Change Today 5.00p
% Change 1.52 %
52 Week High 605.00
52 Week Low 285.00
Volume 73,736
Shares Issued 59.21m
Market Cap £198.36m

Focusrite Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
51.72% above the market average51.72% above the market average51.72% above the market average51.72% above the market average51.72% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Price Trend
78.29% below the market average78.29% below the market average78.29% below the market average78.29% below the market average78.29% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Income
45.27% below the market average45.27% below the market average45.27% below the market average45.27% below the market average45.27% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
73.92% below the market average73.92% below the market average73.92% below the market average73.92% below the market average73.92% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Focusrite Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Dec-23 11-May-23
Paid 31-Jan-24 09-Jun-23
Amount 4.50p 2.10p

Trades for 28-Mar-2024

Time Volume / Share Price
16:27 7 @ 339.60p
16:26 2 @ 339.60p
16:17 695 @ 332.25p
16:15 145 @ 339.00p
15:47 8,850 @ 340.00p

Focusrite Key Personnel

CEO Timothy Paul Carrol

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