Midwich Group Full Year 2023 Earnings: EPS Beats Expectations

Midwich Group (LON:MIDW) Full Year 2023 Results

Key Financial Results

• Revenue: UK£1.29b (up 7.1% from FY 2022).
• Net income: UK£26.8m (up 75% from FY 2022).
• Profit margin: 2.1% (up from 1.3% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: UK£0.28 (up from UK£0.17 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Midwich Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electronic industry in the United Kingdom.

Performance of the British Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Midwich Group.

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