21st Jan 2025 10:20
Gear4Music Holdings PLC - York, England-based retailer of musical instruments and equipment - Revenue rises 5.6% to GBP49.0 million in the three months that ended December 31, Gear4Music's financial third quarter, from GBP46.4 million a year before. Within this, UK revenue jumps by 13% to GBP29.7 million from GBP26.2 million, while European & Rest of the World revenue slips 4.5% to GBP19.3 million from GBP20.2 million. Gross profit is GBP13.7 million, up from GBP13.1 million a year before, as gross margin is maintained essentially steady at 28.1%.
Gear4Music warns of a "challenging consumer environment, particularly in certain European markets". The late Black Friday weekend last year concentrated revenue into the three weeks before Christmas, it says. So far in January, trading is in line with board expectations.
Financial 2025 earnings before interest, tax, depreciation and amortisation will be in line with market expectations, Gear4Music says, citing these as Ebitda of GBP11.7 million, pretax profit of GBP2.8 million and revenue of GBP154.7 million. This will compare to adjusted Ebitda of GBP9.9 million, adjusted pretax profit of GBP1.1 million, and revenue of GBP144.4 million in financial 2024. Gear4Music says it expects "continued profitable growth" in financial 2026.
Current stock price: 146.00 pence, up 0.3% on Tuesday morning in London
12-month change: up 0.7%
By Tom Waite, Alliance News editor
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