TUNE Focusrite Plc

For release: 07:00, 31 January 2025

Focusrite plc

("Focusrite" or "the Group")

Annual General Meeting Statement and Trading Update

Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, will today hold its Annual General Meeting ("AGM") at Artisan, Hillbottom Road, High Wycombe, HP12 4HJ at 12 noon. 

At the AGM, Phil Dudderidge OBE, Non-executive Chairman, will make the following statement:

"Overall the Group's trading for the first six months of the current period is expected to be in line with the Board's expectations.

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.  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.

Our Audio Reproduction division is experiencing headwinds in a softening market following a post Covid boost,  as indicated at the FY24 results. Our order pipeline remains strong, enhanced by a much broader product portfolio than in prior years.

Both our divisions remain focused on managing costs, maximising gross margins, and investing selectively to support future growth."

-Ends-

Notes to Editors

Focusrite plc is a global audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and musicians, its solutions facilitate the high-quality production of recorded and live sound. The Focusrite Group trades under thirteen established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard and TiMax.

With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesizers and grooveboxes to industry-shaping controllers and inspirational music-making apps. ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology.  Martin Audio designs and manufactures performance-ready systems across the spectrum of sound reinforcement applications. Linea designs, develops, manufactures and sells market innovative professional audio equipment globally. Sequential designs and manufactures high end analogue synthesizers under the Sequential and Oberheim brands. Sonnox is a leading designer of innovative, high-quality, award-winning audio processing software plug-ins for professional audio engineers. TiMax specialises in innovative immersive audio and show control technologies. OutBoard manufactures and sells industry standard rigging control products for live events, together with enterprise-level safety test, preparation and quality management for global rental companies and venues.

The Company has offices in four continents and a global customer base with a distribution network covering approximately 240 territories.

Focusrite plc is traded on the AIM market, London Stock Exchange.