Coronavirus impact: 10 July - a home recording lockdown winner
The global lockdown encouraged plenty of musical creativity providing a boost for this music and audio products company
Focusrite: home recording boostFocusrite (LON: TUNE), the global music and audio products company, has confirmed that results for the financial year ending 31 August 2020 are now likely to exceed market expectations. Demand for the Group’s Focusrite and ADAM Audio products have been strong over the lock-downs as homes around the world turned into recording studios to support their YouTube and TiKTok aspirations. Moving forward, management expects demand for these products to revert to a more normal level as the lock-downs ease, however Focusrite has been another lockdown winner. However, it hasn’t all been plain sailing for the AIM listed group…