Gear4music (Holdings) (G4M)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 137.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 166.00p
  • 52 Week Low: 82.50p
  • Currency: UK Pounds
  • Shares Issued: 20.98m
  • Volume: 28,355
  • Market Cap: £28.74m

Gear4music expects to beat FY revenue expectations

By Iain Gilbert

Date: Thursday 23 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Online musical equipment retailer Gear4music said it had experienced strong trading in the first quarter and now expects full-year figures to be ahead of expectations.

Gear4music said the Covid-19 lockdowns had created an "exceptionally strong" period of trading for the group during April and May, with further strong trading in June leading to total first-quarter revenue growth of 68% year-on-year to £37.3m.

UK sales were up 80% to £21.2m, while Europe and rest of world sales were 55% higher at £16.1m.

Chief executive Andrew Wass said: "The strong trading momentum has continued into July, and we continue to achieve higher gross margins and with a lower marketing cost than we would typically expect, alongside a controlled cost base.

"As a result, and whilst still early in the current financial year, the Board is confident that a significant improvement in profits will be achieved for the full financial year, which are now expected to be meaningfully ahead of our previous expectations."

As of 1020 BST, Gear4music shares had shot up 21.98% to 494p.

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G4M Market Data

Currency UK Pounds
Share Price 137.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 166.00p
52 Week Low 82.50p
Volume 28,355
Shares Issued 20.98m
Market Cap £28.74m

G4M Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.31% above the market average44.31% above the market average44.31% above the market average44.31% above the market average44.31% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
3.66% below the market average3.66% below the market average3.66% below the market average3.66% below the market average3.66% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Income Not Available
Growth
42.17% below the market average42.17% below the market average42.17% below the market average42.17% below the market average42.17% 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

What The Brokers Say

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

G4M Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:34 9 @ 139.00p
15:24 61 @ 137.71p
12:17 109 @ 137.71p
09:23 176 @ 138.00p
08:17 20,000 @ 137.71p

G4M Key Personnel

CFO Christopher (Chris) David Scott

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