Gear4music revenues remain strong in July and August

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Sharecast News | 01 Sep, 2020

Updated : 09:20

17:20 29/04/24

  • 146.00
  • 0.69%1.00
  • Max: 150.00
  • Min: 140.00
  • Volume: 15,541
  • MM 200 : n/a

Musical instrument and equipment retailer Gear4music said on Tuesday that revenues had remained strong during July and August after an "exceptional" period of revenue growth in the first quarter.

Whilst Gear4music acknowledged that it was still "relatively early" in its current trading year, the group it was confident that full-year results would at least be in line with recently upgraded expectations.

Gear4music also stated it had continued to generate improved margins alongside proportionally lower marketing costs compared to the same period a year earlier.

The AIM-listed firm will publish its half-year results on 17 November.

As of 0920 BST, Gear4music shares were up 3.54% at 585.0p.

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