Notification of Trading Update

RNS Number : 7294J

Midwich Group PLC

07 December 2018

 

Midwich Group Plc 

("Midwich" or "the Group")

Notification of Trading Update

Midwich, a specialist audio visual distributor to the trade market, announces that the Group will issue a Trading Update relating to the year ending 31 December 2018 on 22 January 2019.

Enquiries:

Midwich Group plc Stephen Fenby, Managing Director Stephen Lamb, Finance Director	[phone]
Investec Bank plc Carlton Nelson / James Rudd	[phone]
FTI Consulting Alex Beagley / Tom Hufton / Fern Duncan	[phone]

Notes to editors

Midwich is a specialist audio visual distributor to the trade market with operations in the UK and Ireland, France, Germany, Iberia, the Benelux and Australasia. The Group's long-standing relationships with over 330 vendors, including blue-chip organisations such as Samsung, LG, Epson and NEC, supports a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and printers. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets. The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of approximately 13,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers.

Initially a UK only distributor, the Group now has over 750 employees across the UK, Germany, France, Ireland, Iberia, the Benelux, and Australasia. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.

For further information, please visit www.midwichgroupplc.com

 

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