Midwich Group Eyes Growth Amid Market Challenges

Midwich (GB:MIDW) has released an update.

Midwich Group, a key player in the audiovisual distribution sector, anticipates a slight revenue increase for 2024 despite challenging market conditions, particularly in Germany. While the UK market stabilizes and North American demand remains robust, the company has completed strategic acquisitions to bolster its high-margin technical video, audio, and lighting offerings. The company remains optimistic about its growth prospects, even as it navigates subdued demand in the education and corporate markets.

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