IN BRIEF: Gears4Music shares fall with interim profit set to fall
Gear4music Holdings PLC - York, England-based online musical instrument and equipment retailers - Says total revenue for the six month period ended September 30 was GBP85.4 million, rising 6% from GBP80.7 million. UK revenues contributed GBP51.0 million, up 3% from GBP49.6 million, while European and Rest of the World revenues contributed GBP34.4 million up, rising 11% from GBP31.1 million. Expects earnings before interest, tax, depreciation and amortisation to be GBP5.7 million, representing a 12% decrease from GBP6.5 million year-on-year. Gears4Music expects gross margin to be 27.6%, down from 28.0%. The company says first half trading, including revenue growth is in line with expectation. It says it expects the group's financial performance to be in line with market expectation. Read More