bullish

Europe starts to sing

105 Views05 Sep 2017 15:54
Issuer-paid
SUMMARY

Having cautioned on the H1 revenue split, Gear4music (G4M) has achieved close to our previous expectation, based on European outperformance. Strategic costs and the significance of H2 mean that we leave profit forecasts unchanged, though with added confidence. As our valuation is predicated on the speed of European share gains, this better than expected result appears positive.

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