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Focusrite PLC on Thursday said it is trading in line with expectations as it noted that geopolitical developments in the Middle East continue to create volatility in global markets. The High Wycombe, England-based music and audio products firm said in the 12 months to February 28, revenue is anticipated to be slightly ahead of the prior 12-month period at around £164 million. This reflected ‘stable underlying demand’ across its portfolio, Focusrite said. Further, revenue for the six months to February is expected to be around £76 million. The company’s next results will cover the 18-month period to February 28 as a result of changing its financial year-end to February 28 from August 31. It added: ‘Gross margins for the period have remained strong and slightly ahead of the prior 12 months, notwithstanding the impact of tariffs in the US, with the group benefiting from continued pricing discipline and strong supply chain management. Operating margins are also expected to remain stable reflecting an ongoing focus on cost control.’ Chief Executive Officer Tim Carroll said: ‘While geopolitical developments in the Middle East and macroeconomic uncertainty continue to create volatility in global markets, the group has not experienced any material impact to date. The situation continues to be monitored closely. The agility of our teams and strength of our product portfolio in combination with strategic actions including the strengthening of routes to market, selective new product development and careful cost management give us confidence in the future progress of the group.’ In early March, the company announced Ian Barkshire as chair designate. He is expected to become non-executive chair after the annual general meeting that is planned for July, succeeding Philip Dudderidge. Barkshire served as CEO of Buckinghamshire, England-based high-technology instruments company Oxford Instruments PLC from 2016 to 2023. Focusrite shares were 1.0% lower at 195.50 pence each on Thursday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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