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Positive updates | Strange share price moves

19/01/2023 · Gateley (Holdings) PLC (GTLY)  · H&T Group (HAT)  · Midwich Group PLC (MIDW)  · Team17 (TM17)  · WH Smith (SMWH) 

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Results and updates covered here suggest all is well for these fast-growing AIM companies, with several reporting full year results ahead of previous expectations.


Midwich: ahead, but….

Midwich Group (AIM: MIDW), the specialist audio visual distributor to the trade market, updated on trading for the year ended 31 December 2022.

Revenue for 2022 is now anticipated to £1.2 billion, up 40% over the prior year with organic growth of over 20%. The gross margin was broadly in line with 2021 levels.

As a result of the strong performance, the Board now anticipates reporting adjusted profit before tax…

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