Focusrite (GB:TUNE) has released an update.
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Focusrite PLC anticipates revenues of around £157 million for FY24, in line with market expectations, despite a challenging environment for its Content Creation division. The company is facing increased global shipping costs and other economic pressures, resulting in an expected EBITDA of £25 million. However, Focusrite’s net debt has improved to £15 million, and with £50 million in credit facilities, the company remains poised for growth and continued market share expansion.
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