Gear4Music, the York-headquartered online musical instruments seller, is continuing to grow total half year sales by 44%.

For the six months to 31 August 2017, total sales stood at 31.2 million, up from last year’s figure of 21.6 000 0000.

The company declared that growth stemmed at a 70% hike in international sales C up 7.8 million to 13.3 million.

Gear4Music recently opened new new distribution centres in Sweden and Germany as well as a big apple headquarters.

Chief Executive Andrew Wass said: “Revenue growth in our core UK market continues to be strong, alongside very strong boost our international markets, driven by our new distribution centres improving our customer proposition causing business gains across Northern Europe.

“A amount of investment into our proposition and infrastructure in H1 has expanded our operational costs and restricted margins for a while.”

He added: “Encouragingly, revenue growth throughout the last about 6 weeks supports our expectation that, as previously mentioned, revenue and profitability will be more H2 weighted in FY18 versus FY17.

“We remain devoted to delivering long-term sustainable growth through investment in our people, products, websites and operational capabilities, and raising 4.2 million growth capital in May 2017 has enabled us to start accelerating investment in these key areas.

“The bunch is constantly on the trade line with this expectations and it is set for the busy seasonal period.”

The company has recently inaugurated new distribution centres both in Sweden and Germany and opened a fresh HQ in York.


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