StockMarketWire.com - Audio visual and document solutions distributor Midwich said it expected its performance for the full year would be ahead of its expectations, following revenue growth and margin expansion in the first half.

Midwich said it had delivered top line growth across all of its geographies in the six months through June.

'Overall gross margins have improved, helped by the contribution of the three businesses acquired in 2017,' it added.

Cash generation in the first half had been slightly behind the company's expectations, due to an investment in working capital later in the period.

However, Midwich said it continued to expect cash generation for the current year as a whole to be in line with its long-term average performance.

'As a result of this encouraging first-half performance, and current positive sales momentum, the board now anticipates that the group's performance for the current full year will be ahead of its previous expectations,' the company said.



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