Focusrite (AIM:TUNE) said trading has continued in line with the board's expectations, with healthy underlying demand across both its Content Creation and Audio Reproduction divisions.
The AIM-listed group, which supplies audio hardware and software to musicians and the entertainment industry under brands including Focusrite, Novation and Martin Audio, told its Annual General Meeting that sales in the first months of the new financial year are running ahead of the prior year.
Non-executive Chairman Phil Dudderidge OBE said this reflects the expected heavier weighting of sales to the first half.
The board's expectations for the year to 28 February 2027 remain unchanged, with sell-side forecasts pointing to revenue of £170.1 million to £173.7 million and adjusted EBITDA of £25.2 million to £27.4 million.
Dudderidge is stepping down as Chair after this AGM but will remain on the Board as a Non-Executive Director, with incoming Chair Ian succeeding him.
"The Group enters this next chapter from a position of strength, with leading brands, an exceptional management team and significant opportunities for future growth", Dudderidge said.
David Bezem, a non-executive director since Focusrite's 2014 IPO, is also stepping down from the Board.
News Intelligence what this means for the company
Focusrite reiterated its full-year outlook at its AGM, confirming the Board's expectations for the year to 28 February 2027 remain unchanged. Early trading is running ahead of the prior year, though the company attributes this to seasonal weighting rather than underlying acceleration—a reassurance that near-term momentum does not signal a shift in full-year guidance. Leadership changes see Phil Dudderidge step down as Chair (remaining as Non-Executive Director) and David Bezem depart the Board entirely.
The reiteration of unchanged guidance and confirmation of healthy demand across both divisions sustains the current investment thesis, but offers no new catalyst. The seasonal sales pattern cited—heavier H1 weighting—is a known structural feature, not a sign of demand surprise.
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