AGM Statement
Summary by AI BETAClose X
For release: 07:00, 04 August 2026
Focusrite plc
("Focusrite" or "the Group")
Annual General Meeting Statement and Trading Update
Trading in-line with expectations with healthy underlying demand
Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, will today hold its Annual General Meeting ("AGM") at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London, EC2M 7SH at 1.30 pm.
At the AGM, Phil Dudderidge OBE, Non-executive Chairman, will make the following statement:
"The Group has continued to trade in line with the Board's expectations. Underlying demand has remained healthy across both the Content Creation and Audio Reproduction divisions with trading in the first months of the new financial year ahead of the prior year, consistent with the expected heavier weighting of sales to the first half of the current year.
Whilst the Board remains mindful of the broader macro-economic environment, its expectations for the full year to 28 February 2027 remain unchanged*.
As this is my last AGM as Chair, I would like to thank our shareholders, colleagues, customers and fellow Board members for their support over many years. Serving as Chair of Focusrite has been a tremendous privilege and I am proud of what we have built together over the years. The Group enters this next chapter from a position of strength, with leading brands, an exceptional management team and significant opportunities for future growth. I am delighted that Ian has agreed to succeed me as Chair. His experience leading a global, technology-driven listed business makes him ideally placed to guide the Board through the Group's next phase of development.
While I will be stepping down as Chair, I am pleased to be remaining on the Board as a Non-Executive Director. I look forward to supporting Ian, Tim and the wider management team, and continuing to contribute to the Group's long-term success.
I would also like to thank David Bezem, who is stepping down today as a non-executive director, for his support and wise counsel since our IPO in 2014. David has made an enormous contribution to the development of Focusrite over the past eleven years, and on behalf of the Board I would like to thank him and wish him every success for the future."
* In so far as the Board is aware, as at 3 August 2026, the range of market forecasts for the 12 month period to 28 February 2027, based on published sell-side research, were for revenue of £170.1 million to £173.7 million and adjusted EBITDA of £25.2 million to £27.4 million.
-Ends-
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Enquiries: |
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Focusrite plc |
+44 (0) 1494 462246 |
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Tim Carroll (CEO) / Sally McKone (CFO) |
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Investec Bank plc (Nominated Adviser and Broker) |
+44 (0) 20 7597 5970 |
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David Flin / Nick Prowting |
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Rosewood Reputation Limited (Financial PR) |
+44 (0) 20 7653 8702 |
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John West / Llewellyn Angus / Lily Pearce |
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Notes to Editors
Focusrite plc is a global audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under eleven established brands: Focusrite, Novation, ADAM Audio, Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard and TiMax.
With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries.
The Group operates through two divisions: Content Creation and Audio Reproduction.
· Within its Content Creation business, Focusrite offers audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation products are used in the creation of electronic music, from synthesizers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology. Sonnox is a leading designer of innovative, high-quality, award-winning audio processing software plug-ins for professional audio engineers. Sequential designs and manufactures high end analogue synthesizers under the Sequential and Oberheim brands.
· The Audio Reproduction division provides high-quality, professional-grade solutions for both live sound and permanent installations. Martin Audio designs and manufactures performance-ready systems across the spectrum of sound reinforcement applications. TiMax specialises in innovative immersive audio and show control technologies. OutBoard manufactures and sells industry standard rigging control products for live events, together with enterprise-level safety test, preparation and quality management for global rental companies and venues. Linea designs, develops, manufactures and sells innovative professional audio equipment globally.
The Company has offices in four continents and a global customer base with a distribution network covering approximately 240 territories.
Focusrite plc is traded on the AIM market, London Stock Exchange.
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