Midwich weathers Covid-19 storm

in hive-116221 •  last month 


Audio visual distributor Midwich has said that even with the coronavirus pandemic raging, it has managed to finish the second half of its fiscal year strongly.

An end-of-year trading update from the firm issued to investors gave details of how the past few months have gone, with November and December being particularly good.

Midwich is now expecting to report revenue in excess of £710m for 2020 as a whole, representing annual growth of 4%. Pre-tax profits should be around £14m, which is well ahead of expectations.

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