Last checked at (Sharecast News) - Specialist audio visual trade distributor Midwich Group updated the market on its trading on Wednesday, reporting that despite ongoing product shortages, its performance had been "stronger than expected" since its interim results published in early September.
The AIM-traded firm said both the UK and Ireland, and the Europe, Middle East and Africa (EMEA) geographies were performing particularly well.
"As a result, the board expects that adjusted profit before tax for the year ending 31 December will be not less than £30m," the board said in its statement.
"[This] is materially ahead of its previous expectations."
Midwich said it would make its next scheduled trading update on 19 January.
At 1228 GMT, shares in Midwich Group were up 9.05% at 632.5p.
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