logo-loader

Chair: Focusrite to expand product range organically and through acquisitions

Published: 08:56 27 Apr 2016 BST

Focusrite plc (LON:TUNE), the group that provides tech products to the music industry, released a solid set of first half results for 2016, with revenue up almost 9% on the previous year to £25.9mln and underlying earnings (EBITDA) rising to £4.8mln.

Phil Dudderidge, chairman and founder of Focusrite, tells Proactive its two established brands - Focusrite and Novation both grew in the first half, with an increase in demand from Asia, particularly South Korea, where people have “woken up to electronic music”.

He also says that he is pleased with the uptake of its Launchpad app, which is a software version of its hardware range, allowing anyone to start creating music.

The focus for this year will be to continue to grow organically, as well as to branch out into other product categories, which can be done organically or through acquisition, with the company “actively looking at businesses that are ripe for acquisition” Dudderidge adds.

Chesnara reports strong 2023 results with improved cash generation and...

Chesnara PLC (LSE:CSN) chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has...

29 minutes ago