- Midwich traded well in the first half of 2017, seeing good top line growth across all of its geographies on a constant currency basis helped further by the continued weakness of Sterling

This underlying revenue growth was delivered whilst maintaining overall gross margins in line with those reported for 2016.

The Board is also pleased to note the new Spanish business, Earpro, acquired in March 2017, had a positive start contributing ahead of previous expectations in its first three months.

Cash generation in the first half has also been in line with the Board's expectations.

As a result of this strong first half performance and on the basis of current indications of positive sales momentum into the second half, the Board anticipates reporting results for the full year comfortably ahead of its previous expectations.

Story provided by