Gear4music (Holdings) (G4M)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

 180.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 185.00
  • 52 Week Low: 87.50
  • Currency: UK Pounds
  • Shares Issued: 20.98m
  • Volume: 13,100
  • Market Cap: £37.76m

Gear4music H1 sales grow amid Covid-19 lockdowns

By Iain Gilbert

Date: Thursday 22 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Musical instruments retailer Gear4music posted a marked increase in first-half sales amid the Covid-19 pandemic on Thursday.
Gear4music said total sales grew 42% year-on-year to £70.2m, with UK sales increasing 48% to £36.7m.

The AIM-listed firm also reported a 330 basis point improvement in its gross margin to 28.5%, while gross profits grew 60% to £20.0m.

Gear4music highlighted that the strong trading momentum seen throughout the first half had continued into October, ahead of its traditional Christmas peak season.

Chief executive Andrew Wass said: "Strong growth in sales and gross profits has continued during October, and preparations for what we expect to be a busy peak trading period are well advanced.

"We are mindful of the uncertainties posed by Brexit and Covid-19, but are confident in the actions we are taking and the ability and commitment of our amazing staff, to ensure that the business is well-positioned to overcome any potential short-term challenges."

As of 1130 BST, Gear4music shares were up 2.90% at 710.0p.

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

 

G4M Market Data

Currency UK Pounds
Share Price 180.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 185.00
52 Week Low 87.50
Volume 13,100
Shares Issued 20.98m
Market Cap £37.76m

G4M Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.5% below the market average18.5% below the market average18.5% below the market average18.5% below the market average18.5% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Price Trend
72.13% above the market average72.13% above the market average72.13% above the market average72.13% above the market average72.13% above the market average
45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average45.45% above the sector average
Income Not Available
Growth
79.63% below the market average79.63% below the market average79.63% below the market average79.63% below the market average79.63% below the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% 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 12-Jul-2024

Time Volume / Share Price
12:02 3,100 @ 175.00p
11:01 10,000 @ 176.00p

G4M Key Personnel

CFO Christopher (Chris) David Scott
CEO Gareth John Bevan

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