Brief: Gear4music Holdings Says Q3 Gross Profit Is 6% Lower

Gear4music (HOLDINGS)

19/01/2023 07:29

Jan 19 (Reuters) - Gear4music Holdings PLC  G4M.L :
    * GEAR4MUSIC  - TRADING UPDATE
    * GEAR4MUSIC HOLDINGS PLC - QTRLY GROSS PROFIT OF £12.7M IS
6%
LOWER THAN FY22 Q3 AND 20% HIGHER THAN FY20 Q3
    * GEAR4MUSIC HOLDINGS PLC - FY23 EBITDA AND NET DEBT
REDUCTION
IN-LINE WITH CONSENSUS MARKET EXPECTATIONS
    * GEAR4MUSIC HOLDINGS PLC - QTRLY UK REVENUES AFFECTED BY
CONTINUED WEAK CONSUMER SENTIMENT AND CONSEQUENCES OF ROYAL MAIL
STRIKES THROUGH DECEMBER
    * GEAR4MUSIC HOLDINGS -CURRENT MARKET EXPECTATIONS FOR YEAR
ENDING
31 MARCH 2023 ARE REVENUE OF £155.1 MILLION, EBITDA OF £8.9
MILLION, PRE-TAX PROFIT £1.0 MILLION

Source text for Eikon:  ID:nRSS1880Na 
Further company coverage:  G4M.L 
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