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Pin to quick picksFocusrite Share News (TUNE)

Share Price Information for Focusrite (TUNE)

London Stock Exchange
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Share Price: 357.50
Bid: 350.00
Ask: 365.00
Change: 6.00 (1.69%)
Spread: 15.00 (4.286%)
Open: 357.50
High: 360.00
Low: 360.00
Prev. Close: 354.00
TUNE Live PriceLast checked at -

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Focusrite revenues boosted by strong European showing

Tue, 19th Mar 2019 10:42

(Sharecast News) - Music and audio products supplier Focusrite saw revenues move ahead in the first half of its trading year, driven by particularly strong sales in Europe.Sales in Focusrite's current financial year ending 31 August have improved, with revenue increasing to approximately £40m, a touch ahead of the £38.8m turned in a year earlier.Focusrite also expects profits to come in ahead when compared with the first half of its last financial year, which itself was a record period for the group.The AIM-listed firm revealed sales had been "particularly strong" in Europe and that its portfolio of products had "performed well globally" thanks to continued investment in product development, innovation and sales and marketing.Chief executive Tim Carroll said: "We are pleased with the outcome for the half year with profit and cash having grown and revenue, in line with our expectations, slightly ahead of the record half-year in 2018."We remain very watchful of macroeconomic and political factors that affect our business, most notably import tariffs in the US and Brexit uncertainty, but have in place strategies to deal with any significant changes to the status quo."Carroll also added that the strength of Focusrite's new product pipeline gave it a great deal of confidence going forward.As of 1040 GMT, Focusrite shares had picked up 1.84% to 526.50p.
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5 Dec 2016 09:06

Focusrite appoints new CEO

(ShareCast News) - Focusrite, an AIM listed global music and audio products company, has appointed Timothy Paul Carroll as its new group executive officer. Carroll will assume his position on 3 January 2017 taking over from Dave Froker who is retiring at the end of December. Executive Chairman Phil

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22 Nov 2016 18:20

DIRECTOR DEALINGS: Focusrite Says Retiring CEO Sells Shares

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22 Nov 2016 12:51

Focusrite improves FY pre-tax profit, hikes total dividend

(ShareCast News) - Global music and audio products company Focusrite has posted an improved full-year pre-tax profit and hiked its total dividend. Executive chairman Phil Dudderidge said the company had enjoyed an excellent second year of trading as a public company. "We have continued to grow reve

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14 Sep 2016 12:43

Scarlett range pushes Focusrite revenues higher

(ShareCast News) - Global music and audio products company Focusrite updated the market on its full-year expectations on Wednesday, confirming it expects revenue for the year ending 31 August to be approximately £54m, following a strong performance in the second half. The AIM-traded firm had cash at

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19 Jul 2016 09:00

Focusrite Chief Executive Froker To Retire Towards End Of Year

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2 Jun 2016 07:15

Focusrite Launches New Scarlett Audio Interface Range

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26 Apr 2016 08:48

Focusrite Interim Profit Down On Charges But Sales Up On New Releases

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14 Mar 2016 07:58

Focusrite First-Half Revenue Growth To Meet Expectations

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23 Feb 2016 13:29

Broker tips: Focusrite, WS Atkins, Just Eat

(ShareCast News) - Inspired by watching a documentary about helmet-wearing French electronic music duo Daft Punk, Panmure Gordon analyst George O'Connor issued a 'buy' recommendation on music technology group Focusrite. Panmure's price target for the AIM-listed company, whose ticker code is TUNE, w

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23 Feb 2016 10:52

Panmure says Focusrite should 'get lucky' on Daft Punk effect

(ShareCast News) - Inspired by watching a documentary about helmet-wearing French electronic music duo Daft Punk, Panmure Gordon analyst George O'Connor issued a 'buy' recommendation on music technology group Focusrite. Panmure's price target for the AIM-listed company, whose ticker code is TUNE,

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29 Jan 2016 08:44

Focusrite Trades Ahead In Half, Despite Disappointing Product Launches

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9 Dec 2015 10:30

WINNERS & LOSERS SUMMARY: Stagecoach And Go-Ahead Head South

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9 Dec 2015 08:43

Focusrite Sees Profit Rise In First Full-Year Results Since Listing

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15 Sep 2015 07:26

Music Tech Firm Focusrite To Meet Market Expectations For Full Year

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29 Apr 2015 09:58

Focusrite Proposes Maiden Interim Dividend As First Half Profit Rises

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