ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

G4M Gear4music (holdings) Plc

147.50
0.00 (0.00%)
15 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gear4music (holdings) Plc LSE:G4M London Ordinary Share GB00BW9PJQ87 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 147.50 145.00 150.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Musical Instrument Stores 152.04M -644k -0.0307 -48.05 30.94M

Gear4Music Lowers Fiscal Year Guidance on Supply-Chain Issues; Shares Fall

16/11/2021 9:17am

Dow Jones News


Gear4music (holdings) (LSE:G4M)
Historical Stock Chart


From May 2021 to May 2024

Click Here for more Gear4music (holdings) Charts.

By Michael Susin

 

Shares of Gear4Music (Holdings) PLC fell nearly 21% in early trade Tuesday after the company lowered its guidance for fiscal 2022, blaming supply-chain issues, and reported a fall in first-half pretax profit.

The U.K.-based online retailer of musical instruments and music equipment said it is performing below full-year consensus market expectations because of the persistence of Brexit-related supply-chain issues and slower-than-expected European sales for the third quarter.

The company said it now expects full-year earnings before interest, taxes, depreciation and amortization to be not less than 12 million pounds ($16.1 million), compared with GBP18.9 million the year before. The company last month had said it was in line with guidance for Ebitda of GBP14 million.

Gear4Music made a pretax profit of GBP1.9 million for the six months ended Sept. 30, compared with GBP5.8 million. Revenue fell to GBP64.7 million from GBP70.2 million, it said.

Ebitda fell to GBP4.8 million from GBP8.5 million, it said.

Shares at 0822 GMT were down 165.0 pence at 635.0 pence

 

Write to Michael Susin at michael.susin@wsj.com

 

(END) Dow Jones Newswires

November 16, 2021 04:02 ET (09:02 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Gear4music (holdings) Chart

1 Year Gear4music (holdings) Chart

1 Month Gear4music (holdings) Chart

1 Month Gear4music (holdings) Chart

Your Recent History

Delayed Upgrade Clock