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Gear4music Board Confident After Strong Revenue Growth

Fri, 27th Jul 2018 09:41

LONDON (Alliance News) - Musical instruments retailer Gear4music PLC said Friday that revenue growth for the year-to date continued to be "strong" against a "competitive market" backdrop.

In his annual general meeting statement, Chief Executive Officer Andrew Wass added that the projects to relocate the company's Swedish distribution centre and to upgrade its UK distribution facilities are both on track to be completed ahead of its "peak trading period".

Wass added: "The board remains confident in meeting their expectations for the financial year."

The company will post its interim results in October.

Gear4music shares were trading up 2.1% at 671.76 pence each.

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