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Share Price: 126.50

Bid: 125.00

Ask: 130.00

Change: -1.00 (-0.78%)

Spread: 5.00 (4.00%)

Open: 127.50

High: 127.50

Low: 126.50

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Gear4music Says European Sales Rise In Week After Brexit Result

Tue, 05th Jul 2016 07:44

LONDON (Alliance News) - Online musical instrument retailer Gear4music (Holdings) PLC on Tuesday said it has seen growth in European like-for-like sales since the EU referendum result.

In the first full week following the referendum result, European like-for-like sales grew by 191%, Gear4music said, compared with a 120% increase in the week preceding the vote.

Gear4music said European sales were supported by favourable exchange rates and responsive pricing.

The company didn't comment on UK sales. Gear4music will provide a trading update when it holds its annual general meeting on July 29.

Shares in Gear4music were untraded on Tuesday morning, last quoted at 110.00 pence.

By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews

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