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Gear4music Hldgs PLC Ord 10p (G4M)

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14-Jan-2021 09:59 AM

Gear4music lifts earnings guidance on stronger start to new year

Online music retailer Gear4music upgraded its core earnings guidance for fiscal 2021 and said it had made a stronger than expected start to the year. Fiscal 2021 EBITDA was expected be ahead of expectations, and not less than £16.5 million, above
17-Nov-2020 08:40 AM

Gear4music hails ongoing momentum in November after swinging to H1 profit

Music equipment retailer Gear4music said performance continued to be 'very strong' into November after swinging to a profit in the first half of the year. For the six months ended 30 September 2020, the company reported a pre-tax profit of &po
22-Oct-2020 08:17 AM

Gear4music upgrades outlook following stronger H1 performance

Online music and equipment retailer Gear4music upgraded its outlook after reporting a jump in sales in the first of the year as strong demand continued. For the six months to 30 September 2020, sales grew 42% to £70.2 million year-on-year and gro
01-Sep-2020 07:48 AM

Gear4music reports ongoing momentum as margins continue to improve

Musical equipment retailer Gear4music reported ongoing momentum following 'exceptional growth' in its fiscal first quarter. Following the exceptional period of revenue growth during Q1 FY21, performance had remained strong throughout July and A
10-Aug-2020 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on Gear4music Holdings Plc

Peel Hunt today upgrades its investment rating on Gear4music Holdings Plc (LON:G4M) to buy (from hold) and raised its price target to 600p (from 250p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Jul-2020 08:58 AM

Gear4music upgrades outlook on profit following strong Q1 performance

Online musical equipment retailer Gear4music upgraded its outlook on profit following 'strong' performance in the first quarter of the current year. 'Whilst still early in the current financial year, the board is confident that a signific
23-Jun-2020 07:38 AM

Gear4music swings to profit as margins expand

Musical equipment retailer Gear4music swung to a profit as operational improvements boosted margins. For the year ended 31 March 2020, the company reported a pre-tax profit of £3.1m on-year compared with a £0.6m loss on-year, and revenue was
23-Apr-2020 09:53 AM

Gear4music reports rise in sales, but begins to see signs of coronavirus led disruptions

Gear4music reported a rise in annual sales and improved margins, but the music equipment retailer flagged the impact of Covid-19 on performance in its current fiscal year. 'Fiscal 2021 has begun with operational challenges relating to COVID-19,&apos
02-Apr-2020 10:16 AM

Gear4music upgrades outlook on profit

Online music equipment retailer Gear4music upgraded its outlook on profit following commercial and operational progress made during the year. 'As a result of the commercial and operational progress we have made during the last 12 months, we now ex
18-Mar-2020 10:11 AM

Gear4music 'confident' of at least meeting full-year guidance; expects no impact from coronavirus

Online music retailer Gear4music said it was confident annual results would be at least in line with its expectations and confirmed that it does not expect the Coronavirus outbreak to have an adverse impact on performance. Supply chains were currently
23-Jan-2020 09:20 AM

Broker Forecast - Peel Hunt issues a broker note on Gear4music Holdings Plc

Peel Hunt today reaffirms its hold investment rating on Gear4music Holdings Plc (LON:G4M) and raised its price target to 300p (from 250p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
23-Jan-2020 08:27 AM

Gear4music reports rise in profit on higher margins over Christmas period

Gear4music reported a rise in profit over the key Christmas trading period as efforts to boost margins underpinned performance. For the two months to 31 December 2019, gross profit increased 18% to £8m and sales rose 7% to £30.4m. Gross marg
18-Dec-2019 09:00 AM

Broker Forecast - Peel Hunt issues a broker note on Gear4music Holdings Plc

Peel Hunt today reaffirms its hold investment rating on Gear4music Holdings Plc (LON:G4M) and cut its price target to 250p (from 300p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
12-Nov-2019 09:55 AM

Gear4music slashes half-yearly losses on higher revenue, margin growth

Online music-equipment retailer Gear4music slashed half-yearly losses on higher revenue and margin growth. For the six months ended 30 September 2019, pre-tax losses narrowed to £279K from £545K reported in August last year, and revenue incr
22-Oct-2019 07:49 AM

Gear4music sales up 16% in H1 as margin growth improves

Musical equipment retailer Gear4music said sales rose 16% in the first half of the year amid 'strong' international sales and a focus on higher-margin products. For the six months to 30 September 2019, sales grew 16% to £49.4m and gross m
30-Aug-2019 08:25 AM

Gear4music continues to trade in line with expectations amid efforts to boost margins

Gear4music said it continued to trade in line with the management expectations for the full year as efforts to boost margins were taking shape. 'The specific actions that we have undertaken to improve gross margins and ensure that the Group is ope
25-Jun-2019 07:13 AM

Gear4Music margins drop in 'competitive market'

Online music retailer Gear4Music swung to a net loss as gross margins fell in a 'highly competitive' market. Revenue was up 48% to £118.2m, gross profit increased 32% to £26.9m but earnings before interest, tax, depreciation and amo
02-Apr-2019 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on Gear4music Holdings Plc

Peel Hunt today reaffirms its hold investment rating on Gear4music Holdings Plc (LON:G4M) and cut its price target to 300p (from 500p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
02-Apr-2019 08:19 AM

Gear4music warns on profits as margins take hit from rising competition, costs

Gear4music warned on profits as product margins took a hit from increased costs and rising competition offsetting a 36% jump in sales for the 13 months through March 2019. The company said it now expected earnings (EBITDA) to be not less than £2m
04-Jan-2019 08:40 AM

Broker Forecast - Peel Hunt issues a broker note on Gear4music Holdings Plc

Peel Hunt today downgrades its investment rating on Gear4music Holdings Plc (LON:G4M) to hold (from buy) and cut its price target to 500p (from 1000p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
04-Jan-2019 07:18 AM

Gear4music warns on earnings amid UK distribution capacity constraints

Musical retailer Gear4music reported Friday it expected earnings this year to come in lower than that of last year as distribution capacity constraints in the UK stifled sales growth. Further sales growth in excess of expectations was 'constrain
16-Oct-2018 02:24 PM

Gear4music posts loss as pursuit of market share hurts margins

Musical instruments retailer Gear4music posted a first-half loss after it sacrificed margins to gain market share. Pre-tax losses for the six months through August amounted to £545k, compared to £60k of losses on-year. Revenue rose 36% to &p
07-Sep-2018 08:49 AM

Gear4music sales top expectations as active customers swell

Music e-commerce company Gear4music said sales growth topped management's expectations bolstered by upbeat performance in the UK. For the six months to 31 August 2018, total sales grew 36% to £42.5m, helped by a 40% rise in active customers
27-Jul-2018 09:47 AM

Gear4music 'confident' of meeting full-year expectations

UK musical instrument retailer Gear4music said Friday it was 'confident' of meeting full-year expectations as revenue growth remained 'strong'. 'I am pleased to report that revenue growth continues to be strong into what is a hi
15-May-2018 02:19 PM

Gear4music profit down 43% on increased investment spend

Musical instruments retailer Gear4music said its annual profit fell after increased investment in systems, staff and marketing shrunk margins. Pre-tax profit decreased by 43% to £1.5m, despite revenue rising by 43% to £80.1m. Gross margins c
 
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