Gear4music (Holdings) (G4M)

Sector:

Leisure Products

Index:

FTSE AIM All-Share

970.00p
   
  • Change Today:
    -6.00p
  • 52 Week High: 1,010.00
  • 52 Week Low: 525.00
  • Currency: UK Pounds
  • Shares Issued: 20.98m
  • Volume: 16,583
  • Market Cap: £203.48m

Gear4music revenues surge in 'transformational year'

By Iain Gilbert

Date: Tuesday 22 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Musical instruments and equipment retailer Gear4music said on Tuesday that the 2021 trading year had been "a transformational year for the group", with the firm delivering "an exceptional financial performance" despite "unprecedented operational challenges" presented by the Covid-19 pandemic and Brexit.
Gear4music said full-year revenues had surged 31% to £157.5m, while gross profits shot up 48% to £46.4m and gross margins expanded 350 basis points to 29.4%.

Underlying earnings steamed ahead 154% to £19.8m and net profits skyrocketed 488% to £12.6m.

The AIM-listed group noted that given its "exceptional" financial performance in 2021 was driven by Covid-19 lockdowns during the first half, it does not expect to witness the same level of trading in the current trading year or achieve the same level of full-year profitability during 2022.

However, G4M said first-quarter trading was stronger than previously expected and, having retained a good proportion of the gross margin gain achieved during 2021, the group's financial results for its current trading year were now seen as likely being ahead of previous expectations.

Chief executive Andrew Wass said: "The group is in a strong position to build upon the significant success of FY21, as we accelerate the development of our bespoke e-commerce platform and strengthen our European distribution network by launching new operational hubs in Ireland and Spain.

"The outlook and general demand for musical instruments and equipment remains positive, and with the strategies and actions we are taking, we remain confident of delivering sustainable and profitable growth in the long-term."

As of 1115 BST, Gear4music shares were up 4.42% at 969.0p.

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G4M Market Data

Currency UK Pounds
Share Price 970.00p
Change Today -6.00p
% Change -0.61 %
52 Week High 1,010.00
52 Week Low 525.00
Volume 16,583
Shares Issued 20.98m
Market Cap £203.48m

G4M Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.06% below the market average74.06% below the market average74.06% below the market average74.06% below the market average74.06% below the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Price Trend
88.75% above the market average88.75% above the market average88.75% above the market average88.75% above the market average88.75% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
63.19% below the market average63.19% below the market average63.19% below the market average63.19% below the market average63.19% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
97.66% above the market average97.66% above the market average97.66% above the market average97.66% above the market average97.66% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_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 17-Sep-2021

Time Volume / Share Price
14:58 208 @ 963.50p
14:15 372 @ 965.00p
13:45 1,500 @ 950.00p
12:13 280 @ 950.00p
12:13 0 @ 1,000.00p

G4M Key Personnel

CFO Christopher (Chris) David Scott

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