REG - Midwich Group PLC - AGM Statement

MidwichAnnouncement

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RNS Number : 8700D  Midwich Group PLC  12 May 2026

12 May 2026

Midwich Group plc

("Midwich" or the "Group")

 

AGM Statement

 

Midwich Group (AIM: MIDW), a global specialist audio visual distributor to the
trade market, will hold its Annual General Meeting at 10.00am today at the
Group's head office in Diss.

At the meeting Andrew Herbert, Chairman, will make the following statement:

"In the year to date, the Midwich Group (Midwich) has continued to make
further strategic progress across its key focus areas, continuing to take
market share, developing new revenue streams, driving operational efficiencies
and ensuring the Group is ready to capitalise on prospects as market
conditions allow sales momentum to build.

The challenging market conditions seen in recent periods have started to ease
in some regions, with the UK and Southern Europe in particular seeing
improvements. Overall, excluding our Middle East business, the Group has
performed in line with the Board's expectations in the first quarter, with
strong performance in the UK and Southern Europe offsetting continued slow
demand in Germany and slower than expected recovery in our Canadian business
following the loss of a key vendor in 2025.

As highlighted at the time of our Full Year Results on 17 March 2026, we
continue to closely monitor the impact of the conflict in the Middle East. The
prolonged nature of the conflict has materially affected our business in the
region, with activity remaining significantly below its normal run-rate. We
remain focused on supporting customers via our high-quality team on the ground
and look forward to the business returning to normal activity levels when
conditions allow.

We continue to see significant opportunities to both grow faster than the
overall market and take further action to drive efficiencies across the
business in the current year. In due course and when appropriate we anticipate
further expanding our capabilities and geographic coverage through further
targeted acquisitions and we remain optimistic about the long-term prospects
for the business."

Midwich intends to announce a trading update for the six months to 30 June
2026 on 21 July 2026.

 Midwich Group plc                                       +44 (0) 1379 649200

Stephen Fenby, Group Chief Executive Officer

Adam Councell, Group Chief Finance Officer
 Investec Bank plc (NOMAD and Joint Broker to Midwich)   +44 (0) 20 7597 5970

 Carlton Nelson / Tom Brookhouse
 Berenberg (Joint Broker to Midwich)                     +44 (0) 20 3207 7800

Ben Wright / Milo Bonser
 FTI Consulting                                                +44 (0) 20 3727 1000

Alex Beagley  / Matthew Young / Harleena Chana

                                                         midwich@fticonsulting.com

 

About Midwich Group

 

Specialisation at scale.

Midwich Group is a network of businesses which partner with the world's
leading technology companies to accelerate their growth. Selling into over 50
countries from 23 global locations, the Group specialises in audiovisual
technology - whether in state-of-the-art meeting rooms or on a festival main
stage, our solutions help the world connect, communicate, or experience wow
moments.

 

Taking technology further.

With services ranging from product distribution to complex system design,
focused marketing campaigns to flexible financing solutions, and showcase
events to seed funding for startups, the Group's ever-expanding offering is
designed to add value and solve its partners' biggest challenges.

This has enabled the Group to maintain strong relationships with global
manufacturers and a diverse customer base of 24,000, including professional
integrators, event production companies and IT resellers in sectors such as
education, corporate, retail and live events.

 

Enabling tomorrow.

With over 1,700 employees across the UK and Ireland, EMEA, Asia
Pacific and North America, the company is committed to being a responsible
employer. The Group wants to do the right thing and actively works to limit
its impact on the environment and communities and recognises the importance of
giving back - find out more about our sustainability activities here
(https://midwichgroupplc.com/sustainability/) .

 

Help us go further, together.

 

For further information, please visit www.midwichgroupplc.com
(http://www.midwichgroupplc.com/)

 

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