Gear4music - Trading Update
4 months to
4 months to
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· 42% increase in total sales with continuing strong growth into the
· On a two-year basis, sales growth was 120%, ahead of the 114% for the same period last year
· Both Own-brand and Other-brand revenues grew by 42% during the period
· Active Customer numbers up by 38% to 450,000 at
· Website conversion improved to 3.3% in the period, up from 3.0% last year
"We are very pleased with our trading performance over the last four months, with sales growth of 42% building on the 44% achieved in the first half, and trading for the year to date is in line with the board's expectations. This has been achieved as we continue to invest in our customer proposition, marketing, people and websites, all with a view to enhancing our long-term growth prospects.
Growth in our more established
We are confident that the Group will continue to grow rapidly over the medium and longer term, as we continue our mission to become the best musical instrument and equipment retailer in
- Ends -
For further information, please contact
Andrew Wass, Chief Executive Officer email@example.com
Chris Scott, Chief Financial Officer
Panmure Gordon +44 20 7886 2500
(Financial Adviser, Nominated Adviser and Broker)
Andrew Godber / Peter Steel - Investment Banking
Erik Anderson / Tom Salvesen - Corporate Broking
Operating from a Head Office in York, showrooms in York and Sweden, and Distribution Centres in York, Sweden and Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Gibson, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and, more recently, into the Rest of the World.
Having developed its own e-commerce platform, with multilingual, multicurrency and fully responsive design websites delivering to over 190 countries, the Group has rapidly expanded its database and continues to build its overseas presence.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
This information is provided by RNS
Quick facts: Gear4music Holdings PLC
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