Revenues sing at Focusrite in latest results

Focusrite

Group revenue, including acquisitions, grew by more than 53 per cent at Focusrite plc, the High Wycombe-based global music and audio products company, according to its latest results.

The company, which supplies hardware and software used by professional and amateur musicians and the entertainment industry, announced that group revenue grew to £130.1 million in 2020, from £84.7 million last year.

The company saw strong growth across its geographic regions: North America was up by nearly 40 per cent; Europe, Middle East and Africa by more than 65 per cent and the rest of the world by nearly 60 per cent.

Phil Dudderidge, Founder and Executive Chairman, said:“2020 will be remembered as the year of the COVID-19 pandemic. The Group has benefited in many respects by the growth in demand for our music and recording products, no doubt because so many people, professional musicians and amateurs alike, are having to work at home or having more time to enjoy their passion for music creation. 

“Focusrite and ADAM Audio, in particular, have generated exceptional growth in the reported year and the new financial year has started well. The use of Focusrite audio interfaces has expanded with the growth of podcasting and the use of Zoom and other platforms for creative applications in music, as well as film and TV dubbing and radio entertainment where actors voice productions from home.”

Focusrite makes audio interfaces – the equipment that sits between a musician and their sound being shared with the world. It owns a number of other brands, including Martin Audio which makes loudspeaker systems; Berlin-based ADAM Audio are precision innovators in professional monitoring and loudspeaker technology, made famous by their unique ART ribbon tweeter.

Novation helps electronic music makers find new ways to produce and perform new music and Ampify is a music-making app.