Gear4music lifts profit forecast as H1 sales rise 31%
Full-year EBITDA is now forecast at a minimum of £13.7m, ahead of the company’s previous guidance and above market expectations
Gear4music has raised its full-year earnings forecast after reporting a 31% rise in revenues for the six months to 30 September.
The online retailer of musical instruments and equipment said revenue growth accelerated from 27% in the first quarter to 34% in the second, supported by higher sales across its markets and brands. Gross margin is expected to reach at least 28%, up from 26.7% a year earlier, while gross profit is forecast to rise to no less than £22.6m from £16.5m.
Meanwhile, EBITDA is expected to be at least £6.5m – more than double the £2.9m reported for the same period last year.
Full-year EBITDA is now forecast at a minimum of £13.7m, ahead of the company’s previous guidance and above market expectations, which Gear4music said stood at £12m before the update.
Andrew Wass, executive chair of Gear4music, said: “We are pleased to report that the strong sales momentum highlighted in our previous updates has continued. This robust performance reflects the clear benefits of our refreshed growth strategy, alongside a more favourable competitive environment across both our UK and European markets.
“Although the critical peak trading period is still ahead, the strength of year-to-date trading gives the Board further confidence to again raise its expectations for the group’s financial performance for the year ending 31 March 2026.”
Gear4music will report its interim results on 18 November 2025.
