Report

Second half strength supports the strategy

Focusrite has beaten our FY16 estimates, resulting in forecast upgrades. More importantly, perhaps, developments in the second half support our confidence in the strategy of expanding its markets and ranges with innovative and disruptive products. These include the successful launch of the second-generation Scarlett, confirming the sustained brand strength of the products, and the growing strength of the Far East where the company has a strategic geographical focus. We increase our DCF valuation to 214p.
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Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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