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Vaccine countdown update: 17 Nov - wonderful updates from pandemic winners, but…

17/11/2020 · Blue Prism Group PLC (PRSM)  · Focusrite PLC (TUNE)  · Gear4music (G4M) 

AIM Coronavirus UK

Playing music using Focusrite equipment

Several companies covered here have benefited from the lockdown environment around the world, seeing strong demand for their products and services, but will they continue to prosper when normality resumes?

Gear4music: fabulous growth, but what of the future?

Gear4music (LON: G4M), the largest UK based online retailer of musical instruments and music equipment, announced excellent results for the six months ended 30 September 2020.

Revenue increased 42% to £70.2m with operating profit up meaningfully to £6.2m, from only £0.2m previously.

The period brought 403,000 new customers, a 52% increase on the comparable period. With strong trading continuing into November management now expects results for the financial year…

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