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The Business Magazine July 2024
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Focusrite plc expects fiscal first half trading to be 'in line'

The Business Magazine article image for: Focusrite plc expects fiscal first half trading to be 'in line'
3 February 2025

Buckinghamshire audio product company Focusrite told investors that trading in the first half of its financial year was expected to be "in line with the board's expectations".

Focusrite, based in High Wycombe, broadly comprises two divisions - Content Creation, which makes and distributes audio content, and Audio Reproduction, which provides solutions to do just that.

READ MORE: Focusrite says its content creation business still faces challenges

The firm held its AGM on Friday (January 31). Phil Dudderidge OBE, the group's non-executive chairman, said both divisions remained focused on "managing costs, maximising gross margins, and investing selectively to support future growth".

"Within the Content Creation division, following the conclusion of the important Christmas and Thanksgiving holiday period, the group's trading has seen underlying end-user registrations remain strong, reflecting continued demand across our entire product range," he said.

"Owing to planned ongoing channel de-stocking in the first six months of the period, performance for the first 12 months is anticipated to be weighted towards the second half when the current de-stocking trend in the US is expected to ease," he added.

Dudderidge said the group's Audio Reproduction division was experiencing "headwinds in a softening market" following a post Covid boost, as had been indicated at the FY24 results.

But he added :"Our order pipeline remains strong, enhanced by a much broader product portfolio than in prior years."

AIM-listed Focusrite has offices in four continents and a customer base with a distribution network covering around 240 territories.

It trades under 13 established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard and TiMax.


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Giles Gwinnett is a writer at The Business Magazine. He has been a journalist for more than 20 years and covered a vast array of topics at a range of media settings - in print and online. After his NCTJ newspaper training, he became a reporter in Hampshire before moving to a news agency in Gloucestershire. In recent years, he has been covering the financial markets along with company news for an investor-focused web portal. His many interests include politics, energy and the environment. He lives in Dorset.

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