Gear4music revenue growing amid competitive market

Musical instrument and equipment retailer Gear4music told shareholders that revenue growth was still strong amid a “highly competitive” market on Friday, ahead of the annual general meeting during the afternoon.

The AIM-traded firm said projects to relocate its Swedish distribution centre and upgrade its UK distribution facilities remained on-track to be delivered ahead of our peak trading period.

“The board remains confident in meeting their expectations for the financial year,” said chief executive officer Andrew Wass.

Gear4music said it would announce a trading update in relation to the six months ending 31 August in early September, followed by the half-year results in October.