Focusrite plc (AIM: TUNE) – positive results from a lovely business
Last week Focusrite Plc, the global music and audio products company, announced its Half Year Results for the six months ended 28 February 2015. These are the Group’s first set of results since they listed in December 2014.
We wrote on Focusrite in March, having visited their headquarters in High Wycombe and were very impressed with the Group’s offering. It certainly is a welcome addition to AIM, with exciting growth potential in a niche sector.
Overall Group revenue increased by 17.5% to £23.8m (H1 FY14: £20.3m) with adjusted operating profit up by 23.3% to £3.7m (H1 FY14: £3.0m). Both of the Group’s two brands; Focusrite and Novation, have seen expansion and improvement.
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