AGM Statement

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 Stephen Fenby, Group Chief Executive Officer Adam Councell, Group Chief Finance Officer	[phone]
Investec Bank plc (NOMAD and Joint Broker to Midwich) Carlton Nelson / Tom Brookhouse	[phone]
Berenberg (Joint Broker to Midwich) Ben Wright / Milo Bonser	[phone]
FTI Consulting Alex Beagley  / Matthew Young / Harleena Chana	[phone] [e-mail]

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.

Help us go further, together.

For further information, please visit www.midwichgroupplc.com

 

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