Midwich Group PLC AGM Statement (0704F)
May 15 2017 - 2:00AM
UK Regulatory
TIDMMIDW
RNS Number : 0704F
Midwich Group PLC
15 May 2017
15 May 2017
Midwich Group plc
("Midwich" or "the Group")
AGM Statement
Andrew Herbert, Chairman of Midwich, a specialist audio visual
and document solutions distributor to the trade market with
operations in the UK and Ireland, France, Germany, Spain and
Australasia, will make the following statement at the Group's
Annual General Meeting to be held at 10.00am today.
"I am pleased with the Group's performance in its first year as
a public company. 2016 was a busy year for the business and this
has continued into 2017 with the acquisition if Earpro S.A. in
March. Trading remains in line with expectations and the Board is
confident in the outlook for Group and looks forward to reporting
on further progress in 2017."
For further information, please contact:
Midwich Group plc Tel: +44 (0) 1379
Stephen Fenby, Managing Director 649 200
Anthony Bailey, Finance Director
Investec Bank plc Tel: +44 (0) 20
James Ireland / James Rudd 7597 4000
Carlton Nelson / Robert Baker
FTI Consulting Tel: +44 (0) 20
Oliver Winters / Alex Beagley 3727 1000
/ George Robinson
Notes to Editors:
Midwich is a specialist AV and document solutions distributor to
the trade market, with operations in the UK and Ireland, France,
Spain, Germany and Australasia. The Group's long-standing
relationships with over 300 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 10,000
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 600
employees across the UK, Germany, France, Spain, Ireland, Australia
and New Zealand, and in the year to 31 December 2016, 33 per cent
of the Group's revenues were derived from outside the UK and
Ireland. 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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