Home   News   Article

Midwich of Diss expecting 18 per cent growth after strong performance overseas




Specialist technology distributor Midwich Ltd, one of the major employers in Diss, is anticipating pre-tax profits “comfortably ahead of its previous expectations”, following a strong performance last year.

The company, which has its headquarters located in Vinces Road, said it was expecting to report revenue for 2016 of approximately £370 million, representing growth of around 18 per cent over the previous year.

In a pre-closing trade statement, the firm cited healthy trade momentum for the second half of 2016 as the main factor for these figures, as a result of growth across all of its divisions, particularly its overseas businesses.

It also claimed to have benefited from the continued weakness in the pound, as well as a better than expected contribution from its most recent UK acquisition, Holdan.

Midwich will announce its official figures on March 14.



This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More