Business
Year-end Trading Update
Year-end Trading Update.
About this update from Gear4music (holdings) Plc
[{"type":"text","content":"\n \n \n RNS Number : 4946I\n Gear4music (Holdings) PLC\n 02 April 2020\n \n \n \n \n 2 April 2020\n \n \n \n \n \n Gear4music (Holdings) plc\n \n \n \n \n Year-end Trading Update\n \n Gear4music (Holdings) plc (\"Gear4music\" or \"the Group\"), the largest UK based online retailer of musical instruments and music equipment, announces the following trading update for the financial year ended 31 March 2020, following the announcements made on 23 January 2020 and 18 March 2020.\n As a result of the commercial and operational progress we have made during the last 12 months, we now expect profits for the financial year ended 31 March 2020 to be ahead of previous expectations.\n Following the necessary Government restrictions put in place to tackle the spread of COVID-19, we are pleased to say we have been able to quickly reconfigure our operations to ensure that we are keeping our teams safe. This has been due to the huge effort our incredible staff have made during this very challenging time.\n The health and safety of our employees and customers has been our absolute priority, and we have implemented fundamental changes across our business to ensure a safe environment in line with current Government guidance. Our call centre and administrative teams are successfully working from home, and we have implemented a wide range of social distancing measures and safety protocols designed to protect employees working in our distribution centres in the UK and Europe.\n The Group will, as previously announced, provide a more detailed trading update for the 12 months ended 31 March 2020 on 23 April 2020.\n Gear4music's Chief Executive Officer, Andrew Wass, said:\n \"Whilst it is impossible to predict what further operational actions may become necessary during the coming weeks and months, we remain committed to operating safely and serving our valued customers for as long as Government guidance allows. In addition to the economic benefits of uninterrupted trading, we are driven by the knowledge that learning a new instrument or improving musical skills can bring enormous mental wellbeing benefits to people of all ages, particularly in challenging times like these.\"\n \n - Ends -\n \n \n Enquiries:\n \n \n \n \n \n \n \n Gear4music\n Andrew Wass, Chief Executive Officer\n Chris Scott, Chief Financial Officer\n \n \n +4...