Gear4music delivers strong full year growth

Underlying operating profit climbed by 192% to £2.6 million while revenue rose by 58% to £56.1 million.

The company also grew the number of active customers by 50% to 340,000 and opened new distribution centres in Sweden and Germany.

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Andrew Wass, Gear4music chief executive, said: “This has been a transformational year for the business, with further expansion of the Gear4music brand driving record sales and profits.

“In particular, we have seen significant expansion in our international business where sales…