MIDWICH GROUP PLC LS-,01 Aktie

Midwich shares jumped 5.8% to 139.7 pence after the company appointed Kevin Quinn as an independent, non‑executive director and designated chairman of the board. Quinn will join the board on 1 August 2026 and is expected to succeed outgoing chairman Andrew Herbert after a transition period. Additional support came from Rational Investment Group, which increased its stake from 3.28% to 5.54% (around 5.79 million shares), and Morgan Stanley reported voting‑related activity. The share rise is largely company‑specific, as the UK market environment has recently been under pressure. » Mere på de.investing.com

Midwich Group has published its annual report and sent the notice for the general meeting; the documents are also available on the company website. The general meeting will be held on 12 May 2026 at 10:00 am at the company’s headquarters in Diss, Norfolk; shareholders are asked to submit proxy votes early. For remote participants the company will provide a teleconference link; shareholders should direct enquiries to company.secretary@midwich.com. Midwich distributes audiovisual technology through a network of 23 locations in more than 50 countries and employs over 1,700 people. » Mere på de.investing.com

Midwich Group forecasts 2025 revenue of about £1.3 billion and an adjusted profit before tax of around £30 million. Organic revenue fell by approximately 1.5% (H1 -3%, H2 +0.5%); the UK and Ireland grew by about 7%, while EMEA and North America declined by roughly 5–5.5% on a currency-adjusted basis. The company generated strong cash flow of more than 100% of adjusted EBITDA and reported adjusted net debt of around £130 million (≈2.3x adjusted EBITDA) as of 31 December 2025. Management cites new vendor and customer relationships and improved operational efficiency as drivers of the expected recovery. » Mere på de.investing.com