Pre-close Trading Update

RNS Number : 0289Z

Focusrite PLC

15 September 2015

 

Strictly embargoed until: 07.00 15 September 2015

Focusrite Plc

('the Company' or 'the Group')

Trading Update

Focusrite Plc (AIM: TUNE), the global music and audio products company supplying hardware and software products used by professional and amateur musicians around the world, confirms that it expects results for the year ending 31 August 2015 to be in line with market expectations.

The Group has introduced 19 new products in the last 12 months, including most recently, new audio interfaces from its Clarett range targeted primarily at professional recording artists and studios; and grid instruments from its Launchpad range used to produce Electronic Dance Music, a large growth sector in the audio recording market.  Initial market reaction has been very positive for these new products.  The Group's software team continue their development work too, and the cumulative number of downloads of the Launchpad App is now up to 3.5 million.

The cash balance at the year end was £6.2 million.

Phil Dudderidge, Executive Chairman commented:

"We have had a great first year since our successful IPO in December last year and we are moving into the next financial year with some really excellent new products and good momentum.  First product reviews suggest that they are being welcomed by the market.  Product innovation remains one of the cornerstones of our success."

The Group expects to issue its results for the year ended 31 August 2015, in early December 2015. 

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Enquiries:
Focusrite Plc
Dave Froker (CEO)	[phone]
Jeremy Wilson (CFO)	[phone]
Panmure Gordon
Freddy Crossley / Nicola Marrin	[phone]
Tom Salvesen	[phone]
Belvedere Communications
John West	[phone]
Kim Van Beeck	[phone]

 

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