Midwich (GB:MIDW) has released an update.
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Midwich Group PLC showcased resilience with a 7.5% revenue growth at constant currency and a record gross profit margin of 17.3% for the first half of 2024, despite challenging market conditions. The company’s strategic shift towards high-margin technical products has paid off, with technical sales now constituting nearly two-thirds of total revenue. Midwich remains confident in meeting its full-year expectations, buoyed by acquisitions and a focus on overhead efficiencies.
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