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European downturn puts Gear4music out of tune

The top line was marred by a steep drop in overseas revenues
November 16, 2021
  • Revenue and profit metrics struggle against lockdown comparatives
  • European sales grapple with supply chain and Brexit-related trading issues

Gear4music (G4M) struck the wrong chord with investors as it revealed steep drops in revenue and operating profit in its half-year results to 30 September. While the online musical instrument and equipment retailer’s headline results were in line with last month’s market update, it is now trading below consensus market expectations.

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