RNS Number : 9432V Gear4music (Holdings) PLC 27 July 2018
27 July 2018
Gear4music (Holdings) plc
AGM Statement and Trading Update
Gear4music (Holdings) plc ("Gear4music" or "the Group"), the largest UK based retailer of musical instruments and music equipment, will hold its Annual General Meeting at 3.00pm today.
At the meeting Gear4music's Chief Executive Officer, Andrew Wass, will make the following statement:
"I am pleased to report that revenue growth continues to be strong into what is a highly competitive market, and the projects to relocate our Swedish distribution centre and upgrade our UK distribution facilities are on-track to be delivered ahead of our peak trading period. The Board remains confident in meeting their expectations for the financial year."
The Group will announce a trading update in relation to the six months ending 31 August 2018 in early September 2018, followed by the full half year results in October.
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Enquiries:
+44 20 3865 9668
Gear4music
Andrew Wass, Chief Executive Officer Chris Scott, Chief Financial Officer
Panmure Gordon
+44 20 7886 2500
(Joint Financial Adviser, Joint Broker, and Nominated Adviser)
Adam James - Investment Banking
Erik Anderson - Corporate Broking
Peel Hunt
+44 20 7418 8900
(Joint Financial Adviser and Joint Broker)
Adrian Trimmings
George Sellar
+44 20 3865 9668
Alma PR (Financial PR)
Gear4Music@almapr.co.uk
Josh Royston/Rebecca Sanders-Hewett/Helena Bogle
About Gear4music.com
Operating from a Head Office in York, and Distribution Centres and showrooms in York, Sweden and Germany, the Group sells own-brand musical instruments and music equipment alongside premium third-party brands including Fender, Yamaha and Roland, to customers ranging from beginners to musical enthusiasts and professionals, in the UK, Europe and, more recently, into the Rest of the World.
Having developed its own e-commerce platform, with multilingual, multicurrency and fully responsive design websites delivering to over 190 countries, the Group has rapidly expanded its database and continues to build its overseas presence.
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Gear4Music Holdings plc published this content on 27 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 July 2018 06:16:13 UTC