Midwich Group’s Steady Growth Amid Market Challenges

Midwich (GB:MIDW) has released an update.

Midwich Group PLC has reported a 5.7% revenue increase to £645 million in the first half of 2024, despite challenging market conditions and a slight decline in organic revenue. The company achieved a record gross margin of 17.3% and expects full-year adjusted operating profit to align with previous expectations, supported by a strong performance in North America and a strategic focus on high-margin technical products.

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