Focusrite (AIM: TUNE) excellent results despite currency headwinds, this looks a cracker!
The global music and audio products company announced terrific results for the year ended 31 August 2015- the first set of full year results since IPO. Currency headwinds have seen the broker pull back in expectations for next year but this looks a cracking business and it’s certainly a different one for AIM.The shares sold off on the broker downgrade so it could be an interesting buying opportunity?
Focusrite is a global music and audio company, providing hardware and software products used by professionals and amateur musicians through two exciting brands; Focusrite and Novation. We published a detailed commentary on the business on 31st March 2015 which is available here. Although only recently listed (December 2014), Focusrite is by no means a start-up. Founded in 1989, the Group has an impressive 26 year track record of developing and supplying products for high quality production of music. The Group offers its products under two brands; Focusrite, which is the global leader in Audio Interfaces for recording with computers, and…