Strong half for Gear4Music

Online musical instruments business Gear4Music has posted sales for its first half which rose from the £49.4 million generated last year to reach £70.2 million this year. Gross profit was also higher at 60 per cent up to £20 million, from £12.5 million.

CEO Andrew Wass said: “I am pleased to report that following an exceptional trading period in Q1 FY21, these strong trading patterns have continued throughout Q2 resulting in revenue growth of 42 per cent for the first half.

“Our customers are continuing to appreciate the benefits that playing and creating music can bring during these difficult times, as well as the continued convenience of ordering our products online.”

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