Notice of Full Year Results

Musicmagpie

27/02/2023 11:58

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RNS Number : 1724R  musicMagpie plc  27 February 2023

27 February 2023

musicMagpie plc

("musicMagpie", or "the Group")

NOTICE OF FULL YEAR RESULTS

musicMagpie, a leading re-commerce business in the UK and US specialising in
refurbished consumer technology, will announce its results for the full year
ended 30th November 2022 on Wednesday 8 March 2023.

Steve Oliver (CEO), Matthew Fowler (CFO) and Ian Storey (COO) will host an
analyst briefing that morning. Further details will be communicated separately
in due course.

 

Enquiries

 musicMagpie plc                                    Tel: +44 (0) 870 479 2705

 Steve Oliver, CEO

 Ian Storey, COO

 Matthew Fowler, CFO

 Shore Capital (Nominated Adviser and Sole Broker)  Tel: +44 (0) 20 7408 4090

 Mark Percy

 Malachy McEntyre

 Daniel Bush

 John More
                                                    Tel: +44 (0) 20 7250 1446

 Powerscourt (Financial Public Relations)

 Rob Greening

 Genevieve Ryan

 Sam Austrums

 

 

 

 

Notes to Editors

Operating through two trusted brands - musicMagpie in the UK and decluttr in
the US - musicMagpie's core strategy is simple: to provide consumers with a
smart, sustainable and trusted way to buy, rent and sell refurbished consumer
technology and physical media products with sustainability running to the very
heart of its operations. Founded in 2007, the Group has an established
presence in the UK, with operations in Stockport, Greater Manchester, and
in the US in Atlanta, Georgia.

musicMagpie has a strong environmental and social focus, as demonstrated by
its trademarked 'smart for you, smart for the planet' ethos. Over 400,000
consumer technology products were resold in FY21. In addition, the Group
re-sells approximately 2,500 tonnes of books and disc media each year that
could have ended up as waste. During 2021, musicMagpie's UK consumer tech
and disc media customers, along with its trade partners, helped to save over
50,000 tonnes of CO2 by buying, selling and renting with the Group - an
amount equivalent to providing heating for over 18,000 homes. The Group has
been given the London Stock Exchange's Green Economy Mark in recognition of
its contribution to the global green economy.

 

When selling to musicMagpie, the customer is offered a fixed valuation via the
website, provided with free logistics to ship the products and (subject to it
being 'as described') receives payment for their product on the day of arrival
at the Group's warehouse. The Group has also partnered with Asda to give
customers the option of using its SMARTDrop Kiosks in store for a fast and
easy way to recycle phones for instant cash. Customers purchasing or renting
from musicMagpie receive branded refurbished product for a fraction of the
price of buying new.

 

The Group has the highest number of seller reviews on both Amazon and eBay and
has consistently achieved extremely positive feedback scores. The Group also
has a 4.5* rating on UK Trustpilot with over 250,000 reviews.

 

For further information please visit: www.musicmagpieplc.com
(http://www.musicmagpieplc.com)

 

 

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