Gear4music (Holdings) PLC (LON:G4M) was a little off-key as it reminded investors that this trading year would be more weighted towards the second half.
A higher proportion of sales and profits will be generated during the second half of the year, with the first half also to bear the cost of new European distribution centres and a head office in York, it told shareholders.
READ: Gear4music shares sing higher after reporting record full year profit
Andrew Wass, chief executive, repeated that underlying momentum was good at the music instrument retailer even so.
“UK and International revenue growth has continued to be strong relative to a very strong H1 FY17, and our new European distribution centres are materially improving our customer proposition in Northern Europe. “
“Based on the overall performance of the business during the financial year to date, the Board is confident of another year of good progress."
Shares fell 11% to 737p, but have been good performers this year so far.