Midwich surpasses expectations in 2021
Specialist audio visual distributor Midwich Group has stated that despite being faced with a series of challenges throughout the past year, it was able to surpass expectations and is set to post a healthy profit.
Tuesday, 21 Dec 2021 06:31 GMT
Midwich says pre-tax profit should be at least £30m for 2021
Midwich published its interim results on September 7th, revealing both its UK and Ireland and Europe, Middle East and Africa (EMEA) business segments were performing particularly well.
With this having continued into the fourth quarter, the Midwich board has now forecast that pre-tax profit for the year ended December 31st 2021 will not be lower than £30m.
This, Midwich says, is materially ahead of its previous expectations and reflects the efforts of the business in a year that included ongoing challenges posed by the Covid-19 pandemic and Brexit.
Midwich plans to make its scheduled trading update on January 19th.
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