Asset Purchase and Trading Update
Purchased competitor assets for £0.6m; trading shows double-digit growth in April.
- Consideration for assets £0.6 million
- Cost value of stock acquired £1.8 million
- Like-for-like sales growth (last 30 days) double-digit
- Consensus revenue FY26 £153.8 million
- Consensus EBITDA FY26 £10.9 million
- Consensus PBT FY26 £2.65 million
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Gear4music (Holdings) plc ("Gear4music" or "the Group") (LSE: G4M), the UK's largest retailer of musical instruments and music equipment, today announces that it has purchased stock with a cost value of £1.8 million, together with certain intangible assets including websites, trademarks, and commercial data, for a total consideration of £0.6 million.
These assets are being purchased from the Administrators of GAK.co.uk Ltd and The Guitar, Amp & Keyboard Centre Ltd (together, "GAK"). For clarity, Gear4music is not acquiring any part of GAK's trading business, nor any other assets or liabilities, and has no current plans to use the GAK trading name.
The Group is pleased to report that the marked improvement in UK and European like-for-like sales in the latter half of March has been sustained over the first two weeks of April, with a return to double-digit sales growth over the last 30 days providing the Board with further confidence in the outlook for the year ending 31 March 2026.
* Gear4music believes that current consensus market expectations for the year ending 31 March 2026 are revenues of £153.8 million, EBITDA of £10.9 million and profit before tax of £2.65 million.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.