Gear4music positive ahead of peak trading period

Online musical instrument and equipment retailer Gear4music said on Friday that the actions it had undertaken to improved gross margins and ensure its operational robustness were continuing to yield positive results ahead of its peak trading period.

The AIM-traded firm, which was holding its annual general meeting, said that as such, its board was confident that the company was in a good position to grow revenue and improve its profitability.

“Consequently, I am pleased to report that the group has continued to trade in line with the board's expectations for the full year,” chief executive officer Andrew Wass told shareholders.

Gear4music said the company would announce a trading update for the six month period ending 30 September on 22 October, followed by the half-year results for this period on 12 November.