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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Gear4music (G4M)