The latest announcement is out from Midwich ( (GB:MIDW) ).
Midwich Group reported a slight revenue increase to over £1.3 billion for the year ending December 2024, despite challenging market conditions. The company achieved a record gross margin of 17.1%, though it fell slightly short of expectations due to price erosion in display categories and aggressive supplier activities. Despite these challenges, Midwich maintained a strong focus on high-margin product areas and efficient overhead management, positioning itself for future growth opportunities.
More about Midwich
Midwich Group is a global specialist in audiovisual technology distribution, partnering with leading technology companies to provide solutions for over 50 countries. The company offers a wide range of services, from product distribution and system design to marketing and financing solutions, serving sectors such as education, corporate, retail, and live events.
YTD Price Performance: -1.71%
Average Trading Volume: 250,774
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £297.2M
See more data about MIDW stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com