G4M has achieved a very strong performance over its peak seasonal Q3 trading period to end-December 2024. Group revenues increased by 6% to £49.0m (vs £46.4m) despite the challenging consumer backdrop in many markets. This was achieved with a gross margin of 28.1% (28.2% Q3 FY24), an increase of 140bps over the margin achieved in H1 FY25. These results underline the good progress being made under the group’s refreshed strategy focusing on profitable growth. On the back of this robust trading performance, the group says FY25E EBITDA remains in line with consensus expectations of £11.7m, with our forecasts therefore unchanged.
Gear4music: Progressive
Jan 21, 2025Disclaimer & Declaration of Interest
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