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Midwich Group Accounts Summary
| Date of Accounts | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Standard | IFRS | IFRS | IFRS | IFRS | IFRS |
| Millions | Millions | Millions | Millions | Millions | |
| Income Statement | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
| Revenue | 1,289.14 | 1,204.05 | 855.97 | 711.75 | 686.24 |
| Operating Profit / Loss | 41.58 | 35.05 | 20.98 | 7.09 | 24.93 |
| Net Interest | -5.06 | -10.14 | -2.08 | -8.09 | -1.15 |
| Pre Tax Profit | 36.55 | 24.92 | 18.89 | -0.99 | 23.78 |
| Post Tax Profit | 28.93 | 16.86 | 13.47 | -3.39 | 18.20 |
| Profit for the Period | 28.93 | 16.85 | 13.47 | -3.39 | 18.20 |
| Equity Holders of Parent Company | 26.82 | 15.29 | 12.43 | -3.75 | 17.18 |
| Minority Interests | 2.11 | 1.56 | 1.04 | 0.36 | 1.02 |
| Continuing EPS | |||||
| Earnings per Share (Basic) | 27.98p | 17.32p | 14.11p | -4.32p | 21.67p |
| Earnings per Share (Diluted) | 27.06p | 16.74p | 13.76p | -4.32p | 21.31p |
| Earnings per Share (Adjusted) | 37.46p | 36.08p | 25.63p | 11.20p | 28.49p |
| Continuing and Discontinued EPS | |||||
| Earnings per Share (Basic) | 27.98p | 17.32p | 14.11p | -4.32p | 21.67p |
| Earnings per Share (Diluted) | 27.06p | 16.74p | 13.76p | -4.32p | 21.31p |
| Earnings per Share (Adjusted) | 37.46p | 36.08p | 25.63p | 11.20p | 28.49p |
| Dividend per Share | 5.50p | 15.00p | 14.10p | n/ap | n/ap |
| Millions | Millions | Millions | Millions | Millions | |
| Balance Sheet | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 |
| Non-Current Assets | |||||
| Intangible Assets | 168.23 | 111.77 | 73.14 | 58.98 | 45.30 |
| Property, Plant and Equipment | 37.69 | 36.52 | 31.62 | 28.31 | 28.04 |
| Investments | 0.30 | n/a | n/a | n/a | n/a |
| Investment Properties | n/a | n/a | n/a | n/a | n/a |
| Other Financial Assets | n/a | n/a | n/a | n/a | n/a |
| Other Non-Current Assets | 0.62 | 2.57 | 2.72 | 2.39 | 2.17 |
| Total Non-Current Assets | 206.83 | 150.85 | 107.48 | 89.67 | 75.50 |
| Current Assets | |||||
| Inventories | 165.59 | 159.82 | 125.83 | 84.00 | 88.69 |
| Trade and Other Receivables | 223.83 | 218.61 | 124.26 | 107.08 | 104.10 |
| Cash at Bank and in Hand | 56.13 | 25.86 | 15.48 | 25.48 | 13.02 |
| Current Asset Investments | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | 2.08 | 4.63 | 0.49 | 0.02 | n/a |
| Total Current Assets | 447.63 | 408.92 | 266.05 | 216.59 | 205.81 |
| Other Assets | n/a | n/a | n/a | n/a | n/a |
| Total Assets | 654.47 | 559.77 | 373.53 | 306.26 | 281.31 |
| Current Liabilities | |||||
| Borrowings | 49.15 | 44.96 | 34.05 | 30.05 | 46.53 |
| Other Current Liabilities | 264.77 | 240.20 | 149.74 | 120.19 | 116.43 |
| Total Current Liabilities | 313.92 | 285.15 | 183.80 | 150.23 | 162.96 |
| Net Current Assets | n/a | n/a | n/a | n/a | n/a |
| Non-Current Liabilities | |||||
| Borrowings | 113.18 | 100.32 | 60.40 | 34.72 | 36.47 |
| Provisions | 22.88 | 14.16 | 7.76 | 9.31 | 9.33 |
| Other Non-Current Liabilities | 8.34 | 26.00 | 7.17 | 5.51 | 7.26 |
| Total Non-Current Liabilities | 144.40 | 140.49 | 75.33 | 49.54 | 53.06 |
| Net Assets | 196.14 | 134.13 | 114.40 | 106.49 | 65.29 |
| Capital and Reserves | |||||
| Share Capital | 1.03 | 0.89 | 0.89 | 0.89 | 0.80 |
| Share Premium Account | 116.96 | 67.05 | 67.05 | 67.05 | 28.23 |
| Other Reserves | -7.83 | 6.78 | -1.89 | 1.97 | -2.90 |
| Retained Earnings | 63.09 | 46.02 | 39.08 | 30.44 | 31.87 |
| Shareholders Funds | 173.25 | 120.74 | 105.12 | 100.34 | 57.99 |
| Minority Interests / Other Equity | 22.89 | 13.40 | 9.28 | 6.15 | 7.30 |
| Total Equity | 196.14 | 134.13 | 114.40 | 106.49 | 65.29 |
| 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 | 31-12-2019 | |
| Operating Margin | 3.23% | 2.91% | 2.45% | 1.00% | 3.63% |
| Return on Capital Employed | 19.52% | 19.28% | 14.62% | 5.83% | 22.20% |
| Dividend Cover | 2.27 | 2.41 | 2.31 | n/a | 5.87 |
| Dividend Yield | 3.80 | 3.60 | 1.80 | n/a | 0.90 |
| PE Ratio | 11.70 | 11.70 | 24.50 | 44.60 | 19.30 |
| PEG | n/a | n/a | n/a | n/a | 0.10 |
| Dividend per Share Growth | n/a% | -9.09% | -26.00% | n/a% | n/a% |
| Net Asset Value per Share | 27.04p | 21.66p | 39.96p | 46.01p | 19.36p |