IN BRIEF: Gears4Music shares fall with interim profit set to fall

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Gear4music Holdings PLC - York, England-based online musical instrument and equipment retailers - Says total revenue for the six month period ended September 30 was £85.4 million, rising 6% from £80.7 million. UK revenues contributed £51.0 million, up 3% from £49.6 million, while European and Rest of the World revenues contributed £34.4 million up, rising 11% from £31.1 million. Expects earnings before interest, tax, depreciation and amortisation to be £5.7 million, representing a 12% decrease from £6.5 million year-on-year. Gears4Music expects gross margin to be 27.6%, down from 28.0%. The company says first half trading, including revenue growth is in line with expectation. It says it expects the group's financial performance to be in line with market expectation.

Current stock price: down 7% at 216.00 pence per share

12-month change: down 26%

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