Gear4music (Holdings) (G4M)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

182.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 187.00
  • 52 Week Low: 87.50
  • Currency: UK Pounds
  • Shares Issued: 20.98m
  • Volume: 109,836
  • Market Cap: £38.18m

Gear4music FY sales surge amid pandemic

By Iain Gilbert

Date: Thursday 22 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Musical equipment retailer Gear4music said on Thursday that annual sales had surged across the group in the twelve months ended 31 March.
Gear4music now expects full-year underlying earnings to be no less than £19.0m, a significant improvement on the prior year's figure of £7.8m and ahead of current market expectations.

The AIM-listed group saw total sales pick up 31% at £157.5m, with UK sales improving 27% to £78.7m and Europe and Rest of the World sales 35% higher at £78.8m.

In addition to the "exceptional sales growth", gross margins improved by 360 basis points to 29.5%, helping drive profits to record levels, as did marketing efficiencies.

Chief executive Andrew Wass said: "Whilst it is still very early in the new financial year, we are pleased with FY22 trading to date, relative to the exceptional period of trading during April FY21. We also remain mindful of the ongoing global pandemic and operational challenges posed by Brexit, but are confident that we have appropriate plans in place to mitigate their effects.

"Underpinned by our strong financial position, the board is confident that our online business model and specialist market knowledge, supported by our Europe-wide operational platform, will continue to deliver long-term sustainable and profitable growth."

As of 0915 BST, Gear4music shares were up 6.36% at 845.55p.

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G4M Market Data

Currency UK Pounds
Share Price 182.00p
Change Today 6.00p
% Change 3.41 %
52 Week High 187.00
52 Week Low 87.50
Volume 109,836
Shares Issued 20.98m
Market Cap £38.18m

G4M Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.97% below the market average20.97% below the market average20.97% below the market average20.97% below the market average20.97% 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
74.43% above the market average74.43% above the market average74.43% above the market average74.43% above the market average74.43% 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
79.6% below the market average79.6% below the market average79.6% below the market average79.6% below the market average79.6% 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 19-Jul-2024

Time Volume / Share Price
16:35 1,000 @ 182.00p
16:35 1,000 @ 182.00p
14:57 8,311 @ 180.55p
14:55 8,250 @ 181.90p
15:16 537 @ 181.00p

G4M Key Personnel

CFO Christopher (Chris) David Scott
CEO Gareth John Bevan

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