Midwich Group Achieves Record Revenue and Margins in 2024 Amidst Market Challenges

Midwich ( (GB:MIDW) ) has shared an announcement.

Midwich Group reported record revenue and gross margins for 2024, despite challenging market conditions, reflecting its strategic focus on high-margin product areas and strong performance in North America. While the company faced subdued investment in certain markets and price erosion in mainstream products, it achieved a 1.7% revenue increase and a gross margin of 17.8%. The Group’s strategy of focusing on technical solutions and cost mitigation actions resulted in resilient performance, although adjusted operating profit decreased. Looking forward, Midwich aims to leverage its global scale and digital solutions to improve operating leverage and margins as market conditions normalize.

More about Midwich

Midwich Group is a global specialist in audiovisual (AV) distribution, partnering with leading technology companies to provide solutions that enhance connectivity and communication. The company operates in over 50 countries, offering services from product distribution to complex system design, and maintains strong relationships with global manufacturers and a diverse customer base across sectors such as education, corporate, retail, and live events.

YTD Price Performance: -22.26%

Average Trading Volume: 201,699

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £239.2M

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