Gear4music raises earnings guidance
Online musical instrument retailer Gear4music has raised its earnings guidance after experiencing strong trading in 2021.
In a statement, the company said both its UK and European operations have performed well post-Brexit and that revenue growth and margins have exceeded expectations.
It now expects EBITDA for the 12 months ending 31 March 2021 to come in at “not less than £18.2 million”, which is up from the previous guidance given in January of not less than £16.5 million.
Operating from a head office in York and distribution centres and showrooms in York, Sweden and Germany, Gear4music is continuing to build its overseas presence and delivers to over 190 countries around the world.
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