Gear4music Share News (G4M)

TRADING UPDATES: XP Factory revenue doubles; Zotefoams trades in line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Gear4Music interim results hit by European revenue decline

Gear4Music Holdings PLC - York, England-based online retailer of musical instruments and equipment - Pretax loss widens to GBP1.9 million in the six months that ended September 30 from GBP1.0 million a year before, as revenue declines to GBP62.6 million from GBP66.3 million. While UK revenue grows by 2.8% to GBP36.5 million from GBP35.5 million, European & Rest of World revenue falls by 15% to GBP25.1 million from GBP30.8 million. Gear4Music also takes GBP487,000 in redundancy costs, versus none a year before. Adjusted earnings before interest, tax, depreciation and amortisation is GBP2.9 million, up from GBP2.7 million. Gear4Music declares no interim dividend, unchanged.

Gear4music lowers revenue expectations as it focuses on profitability

(Sharecast News) - Musical instrument and equipment online retailer Gear4music reported a 6% fall in total revenues in its first half on Tuesday, to £63.6m, although it adjusted its full-year revenue expectations downward.

UK earnings, trading statements calendar - next 7 days

Gear4Music interim revenue dips on lower demand; to meet expectations

(Alliance News) - Gear4Music PLC on Thursday said overall interim revenue plunged on lower consumer demand but full-year outlook has been kept in line with market expectations.

Gear4music H1 revenues down despite UK growth

(Sharecast News) - Musical instruments retailer Gear4music reported a drop in interim revenues on Thursday despite seeing modest growth in the UK.

UK earnings, trading statements calendar - next 7 days

LONDON MARKET CLOSE: Stocks end higher on hopes of interest rate peak

(Alliance News) - Stocks in London closed in the green on Friday, with markets riding high on the hopes that interest rates in the UK may soon hit their peak.

Gear4music trading in line as it focuses on cost reductions

(Sharecast News) - Musical instrument and equipment retailer Gear4music said in an update on Friday that trading in the financial year to date had been in line with the board's expectations.

IN BRIEF: Gear4Music says margins increasing; 2nd hand shop launched

Gear4Music PLC - York, England-based retailer of musical instruments and equipment - Chief Executive Officer Andrew Wass tells annual general meeting that trading in its financial year that began on April 1 has been in line with board expectations. Cites consensus market expectations of GBP10.0 million in earnings before interest, tax, depreciation and amortisation in financial 2024 on revenue of GBP161.2 million. This would compare with GBP7.4 million and GBP152.0 million in financial 2023.

UK shareholder meetings calendar - next 7 days

Gear4music swings to annual loss but revenue rises and outlook hopeful

(Alliance News) - Gear4music PLC said on Tuesday that it had swung to a yearly loss, but trimmed net debt and increased its revenue.

UK earnings, trading statements calendar - next 7 days

Gear4Music shares slip as warns profit to miss outlook

(Alliance News) - Gear4Music PLC on Thursday said annual profit will fall short of consensus, though it expects to report a sales climb.

Gear4music warns on profits, cites weaker consumer demand

(Sharecast News) - Gear4music warned on full-year profits on Thursday as it pointed to weaker consumer demand.