Focusrite PLC - Trading update for the year ending 31 August 2019
Strictly embargoed until 07.00,
("the Company" or "the Group")
Trading update for the year ending
The Company expects revenue for the financial year ending
Cash generation continues to be a prime focus for the Group and, despite the acquisition, net cash as at
"We have held steadfast to our core growth strategy and executed as planned despite so many macro-economic factors at play across the world. We successfully released the latest generation of the Scarlett range of products (Gen 3) in
Additionally, we made our first significant acquisition since becoming a publicly listed company, acquiring
Our product roadmap continues to strengthen with significant new product releases planned for the first half of the new financial year. We continue to execute on our growth strategy while closely monitoring unpredictable global issues such as US tariffs and Brexit and have in place action plans to mitigate any foreseen negative impacts to our business."
The Company expects to announce final results for the year ended
- ends -
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).
Tim Carroll (CEO)
Jeremy Wilson (CFO)
Panmure Gordon (Nomad and Broker): +44 20 7866 2500
Notes to Editors
With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesisers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio monitors have earned a worldwide reputation based on technological innovation in the field of loudspeaker technology. The product portfolio includes its T, AX, and S Series product ranges, aimed at different levels of musicians and recording engineers, as well as its subwoofer and headphone ranges.
This information is provided by RNS, the news service of the
Quick facts: Focusrite plc
Market Cap: £375.98 m
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