Music Magpie credits ‘strong momentum’ for first-half trading

Music Magpie

Music Magpie has credited “strong momentum” for its first-half performance as it traded in line with expectations and looks forward to the “seasonally important” second half of the year.

Music Magpie posted a 7.7% jump in EBITDA year on year to reach £2.8m for the six months to May 31, 2023, despite a “challenging start” to the year. 

Despite this, the electricals reseller reported group revenue of £61.9m in its first half, down from £71.3m in the same period last year.

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