On Tuesday March 14th 2023, Midwich Group plc announced its final results for the period ended 31 December 2022. It was a milestone year for the business, with record revenue, strong organic growth and market share gains globally.
Midwich Group outperformed the wider AV market in EMEA, North America and APAC. During the period, we made two acquisitions which strengthened our UC offering and allowed us to enter the video security market, both have performed incredibly well since they joined the Midwich family.
Stephen Fenby, Managing Director of Midwich Group commented:
“We have delivered an outstanding performance this year, achieving record revenue of £1.2bn, made significant market share gains, entered new markets and gained new technical capabilities. The impact of the pandemic reduced during the period with product shortages easing. We saw the resumption of a significant part of the live events and hospitality markets, and the corporate market strengthened during the year.
I would like to take this opportunity to thank all of our employees for their continued hard work and the amazing value-added service they provide our clients. We would also like to thank all of our partners and vendors for their continued support. 2023 is set to be another exciting year."
Rafaella de Freitas
Tel: +44 (0)20 3727 1000