Business
Final Results
Final Results.
About this update from Midwich Group Plc
[{"type":"text","content":"\n \n \n \n 14 March 2023\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Midwich Group plc\n \n \n \n (\"Midwich\" or the \"Group\")\n \n \n \n \n \n \n Final Results\n \n \n \n \n \n \n \n \n \n Record financial performance achieved with significant market share gains and a confident outlook for 2023\n \n \n \n \n \n \n Midwich Group (AIM: MIDW), a global specialist audio visual (\"AV\") distributor to the trade market\n , today announces its final results for the year ended 31 December 2022.\n \n \n \n \n \n \n Statutory financial highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Year to\n \n \n \n \n 31 December 2022\n \n \n \n \n m\n \n \n \n \n \n \n Year to\n \n \n \n \n 31 December 2021\n \n \n \n \n m\n \n \n \n \n \n \n Total growth %\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 1,204.1\n \n \n \n \n 856.0\n \n \n \n \n 40.7%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross profit\n \n \n \n \n 183.7\n \n \n \n \n 131.3\n \n \n \n \n 40.0%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit\n \n \n \n \n 35.1\n \n \n \n \n 21.0\n \n \n \n \n 67.1%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Profit before tax\n \n \n \n \n 24.9\n \n \n \n \n 18.9\n \n \n \n \n 31.9%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Profit after tax\n \n \n \n \n 16.9\n \n \n \n \n 13.5\n \n \n \n \n 25.1%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Basic EPS - pence\n \n \n \n \n 17.32\n \n \n \n \n 14.11\n \n \n \n \n 22.7%\n \n \n \n \n \n \n \n \n \n \n \n \n \n Dividend - pence per share1\n \n \n \n \n 15.0\n \n \n \n \n 11.1\n \n \n \n \n 35.1%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjusted financial highlights2\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Year to\n \n \n \n \n 31 December 2022\n \n \n \n \n £m\n \n \n \n \n \n \n Year to\n \n \n \n \n 31 December 2021\n \n \n \n \n m\n \n \n \n \n \n \n Total growth\n \n \n \n \n %\n \n \n \n \n \n \n Growth at constant currency\n \n \n \n \n %\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 1,204.1\n \n \n \n \n 856.0\n \n \n \n \n 40.7%\n \n \n \n \n 38.6%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n 183.7\n \n \n \n \n 131.3\n \n \n \n \n 40.0%\n \n \n \n \n 37.5%\n \n \n \n \n \n \n Gross profit margin %\n \n \n \n \n 15.3%\n \n \n \n \n 15.3%\n \n \n \...