What They Say
Midwich Group, the dominant AV distributor in the UK and increasingly an operator at European level, has reported sales up 29% in the first half of 2021 on an annual basis. Margin overall was around 15.2%. Profits are expected to be up around 300% to $18 million for the half. If lockdowns don’t start again, the firm expects revenues above analysts’ expectations which are around $1.16 billion for the whole year.
What We Think
As with Barco, Midwich is a bellwether company for the state of the AV industry. (BR)
