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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 0.0% 950.00 930.00 970.00 950.00 950.00 950.00 8,851 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 157.5 14.6 60.3 15.8 198

Gear4music (Holdings) PLC Trading Update

25/02/2021 7:00am

UK Regulatory (RNS & others)


Gear4music (holdings) (LSE:G4M)
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From Feb 2021 to Aug 2021

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RNS Number : 2607Q

Gear4music (Holdings) PLC

25 February 2021

25 February 2021

Gear4music (Holdings) plc

Trading Update

Gear4music (Holdings) plc ("Gear4music" or "the Group"), the largest UK based online retailer of musical instruments and music equipment, today announces the following trading update.

We are pleased to report that Group trading performance in the 2021 calendar year to date continues to be strong. Both our UK and European Operations have performed well post Brexit, helping to drive revenue growth and support margins that have exceeded our previous expectations.

The Board now expects EBITDA for the 12 months ending 31 March 2021 ("FY21") will be not less than GBP18.2m, up from the guidance provided on 14 January 2021 of not less than GBP16.5m.

The Group will provide a more detailed announcement regarding FY21 trading no later than 23 April 2021.

- Ends -

Enquiries:

 
 Gear4music 
  Andrew Wass, Chief Executive Officer 
  Chris Scott, Chief Financial Officer           +44 (0)20 3405 0205 
 
  N+1 Singer - Nominated Adviser and Broker 
   Peter Steel/Amanda Gray, Corporate Finance 
   Tom Salvesen, Corporate Broking                +44 (0)20 7496 3000 
 
  Alma - Financial PR                             +44 (0)20 3405 0205 
   Helena Bogle                                    gear4music@almapr.co.uk 
   Harriet Jackson 
   Josh Royston 
   Faye Calow 
 

About Gear4music .com

Operating from a Head Office in York, and Distribution Centres and showrooms in York, Sweden and Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and, more recently, into the Rest of the World.

Having developed its own e-commerce platform, with multilingual, multicurrency websites delivering to over 190 countries, the Group continues to build its overseas presence.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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February 25, 2021 02:00 ET (07:00 GMT)

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