Focusrite Plc (AIM:TUNE) – upbeat statement from newly listed music and audio products group
The relatively new arrival on AIM (December 2014) has issued an upbeat announcement commenting that the performance achieved in the period since listing has been a pleasing continuation of the historic growth and that they remain confident in the prospects the second half of this financial year and beyond. This looks a lovely little business!
The global music and audio products company supplying hardware and software products used by professional and amateur musicians confirmed that it expects to report revenues for the half year of over £23m. For the year ending August 2014, the Group generated revenue of £40.965m and pre-tax profit of £5.8m. Focusrite arrived on AIM on 11th December 2014 at a share price 126p per share and market capitalisation of £73.2m. The Focusrite brand was established in 1985 to serve high end professional recording studios. Initially, its products were focused on high quality recording and production equipment for professionals. Phil Dudderidge acquired…