Midwich Group First Half 2024 Earnings: EPS: UK£0.065 (vs UK£0.12 in 1H 2023)

Midwich Group (LON:MIDW) First Half 2024 Results

Key Financial Results

• Revenue: UK£646.1m (up 5.8% from 1H 2023).
• Net income: UK£6.62m (down 40% from 1H 2023).
• Profit margin: 1.0% (down from 1.8% in 1H 2023). The decrease in margin was driven by higher expenses.
• EPS: UK£0.065 (down from UK£0.12 in 1H 2023).

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

Midwich Group Earnings Insights

Looking ahead, revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Electronic industry in the United Kingdom.

Performance of the British Electronic industry.

The company's shares are down 4.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Midwich Group that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.