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Published on: April 22, 2021

Music to the ears

A strong final quarter has seen FY21E turnover and gross margin come in higher than we previously forecast, leading to a further EBITDA upgrade to not less than £19.0m for the year. G4M has swung into a net cash position, with year-end net cash of £2.4m, compared with net debt of £5.5m at the end of FY20. The company has also signed a new £35m Revolving Credit Facility (RCF) to underpin and accelerate its future growth plans. While this will be helpful in supporting organic growth, it provides the resources for G4M to consider and pursue suitable acquisition opportunities.

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