Gear4music G4M Enjoyed strong growth during the four months to the 31st December with total sales up by 41%. Further sales growth in excess of expectations was constrained by the York distribution centre reaching maximum capacity during the peak trading period between Black Friday and Christmas. As a result full year EBITDA for 2019 is expected to be slightly below 2018 levels. UK sales during the four month rose by 36% and Europe and the Rest of The World by 47%. The total 41% sales rise shows a further gain over the 36% rise shown in the first half
LightwaveRF plc LWRF saw revenue rise by 156% during the first quarter to the 31st December with Telesales up by 46% and E-commerce by 506%. The momentum from the last quarter of 2018 continued into the first quarter of 2019, which produced a rise of 156% compared to the first quarter of 2018.
Johnson Service Group JSG continued to trade well during the half year to the 31st December. The Stalbridge Linen unit in London has now been successfully completed on time and on budget and the recent acquisition of South West Laundry made at the end of August 2018 is being successfully integrated within the Brand. A contract has now been signed with a developer for the building and subsequent lease of a new laundry in the North of England.