Trading Update

RNS Number : 9026R

Focusrite PLC

14 March 2016

 

Strictly embargoed until: 07.00, 14 March 2016

Focusrite Plc

("the Company" or "the Group")

Trading Update

Focusrite Plc (AIM: TUNE), the global music and audio products company supplying hardware and software products used by professional and amateur musicians around the world, is pleased to confirm that, in line with expectations, it will be reporting revenues for the half year of around £25.5 million, up from £23.8 million in the corresponding period in the previous financial year.  The Group will issue its interim results for the six months ended 29 February 2016 in the final week of April 2016.

Commenting on current trading, Phil Dudderidge, Executive Chairman, said:

"Since the start of the financial year, new products, backed by positive industry and consumer acceptance, have continued to gain market share in our key geographies.  Existing products also continue to perform well and, overall, we achieved double digit revenue growth in Q2.  The Group's significant investment in R&D will ensure further new product launches and upgrades to existing products in the second half.  This will underpin our consistent record of revenue growth."

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Enquiries:

Focusrite Plc:
Dave Froker (CEO)	[phone]
Jeremy Wilson (CFO)	[phone]
Panmure Gordon
Freddy Crossley	[phone]
Tom Salvesen	[phone]
Belvedere Communications
John West	[phone]
Kim Van Beeck	[phone]

Notes to Editors

Focusrite is a global music and audio products group supplying hardware and software products used by professional and amateur musicians, which enables the high quality production of music.

The Group has two established and rapidly growing brands: Focusrite and Novation. The Focusrite brand makes audio interface and other products for audio recording musicians. The Novation brand allows its customers to make electronic music using synthesisers and computer-enabled technology.

The Group has a global customer base with a distribution network covering approximately 160 territories. Focusrite is headquartered in High Wycombe, United Kingdom with a marketing subsidiary in Los Angeles, United States and has around 160 employees.

 

END

 

 

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