Gear4Music’s performance in European markets has seen revenues soar. For the 12 months to February 2017, the company said that sales increased 34%, to £34.8m.
Gear4music’s chief executive officer, Andrew Wass, said: “We are extremely pleased with our trading performance over the last 12 months, with 58% sales growth being well ahead of our expectations at the start of the year. Whilst continuing to invest in the future growth of the business, we have closely managed our costs and the Board is now confident of delivering profits for the year marginally ahead of our increased expectations signaled in January.”
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