REG - Gear4music - Asset Purchase and Trading Update

Gear4music (HOLDINGS)Announcement

16/04/2025 07:00

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RNS Number : 1597F  Gear4music (Holdings) PLC  16 April 2025

16 April 2025

 

Gear4music (Holdings) plc

Asset Purchase from Competitor in Administration and Trading Update

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.

ENDS

Enquiries:

 

 Gear4music                                                  +44 (0)20 3405 0205

 Andrew Wass, Executive Chair

 Gareth Bevan, Chief Executive Officer

 Chris Scott, Chief Financial Officer

 Singer Capital Markets - Nominated Adviser and Sole Broker  +44 (0)20 7496 3000

 Peter Steel/Sam Butcher, Corporate Finance

 Tom Salvesen, Corporate Broking

 Alma Strategic Communications - Financial PR                +44 (0)20 3405 0205

 Rebecca Sanders-Hewett                                      Gear4music@almastrategic.com

 Joe Pederzolli

 David Ison

 

About Gear4music (Holdings) plc

Operating from a Head Office in York, Distribution Centres in York, Bacup,
Sweden, Germany, Ireland & Spain, and showrooms in York, Bacup, Sweden
& Germany, the Group sells own-brand musical instruments and music
equipment alongside premium third-party brands including Fender, Yamaha and
Roland, to customers ranging from beginners to musical enthusiasts and
professionals, in the UK, Europe and the Rest of the World.

 

Having developed its own e-commerce platform, with multilingual, multicurrency
websites delivering to over 190 countries, the Group continues to build its
overseas presence.

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