Audiovisual (AV) wholesaler Midwich has issued a trading update for the six months ended 30 June 2025.
Sales for the period were £620 million, a year-on-year organic decline of 3.5%. For the UK & Ireland reporting unit, new vendor launches and market share gains helped the region – 40% of total group sales – to grow by around 5%.
Group Managing Director Stephen Fenby commented: “The first half of 2025 has been challenging for our industry, with education and corporate spend suppressed due to several factors, such as high government debt, low or negative GDP growth and tariff uncertainty. As a result, we have seen reduced demand and price erosion of mainstream products, which has contributed to compressed net margins. However, our higher-margin technical product categories, which represent approximately two-thirds of H1 sales, continue to be more resilient.”
