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The Bett Show 2022 report and conclusions.
Barcelona! The flights and ferry tickets, for those taking the gear overland, are booked, the catering for the AV News Awards is ordered and the hotels are reserved.
With major international events such as ISE and Infocomm increasingly prominent in showcasing edtech solutions the prospects for Bett as a specialist edtech event are surprisingly robust.
Midwich posts record reve- Exertis’ digital transformation drives Board changes technology distributor rector of DCC Technology, said, responsibility for Customer nues and profits for full year Leading Exertis has announced changes “This move will enhance and Services and Sales Operations Midwich Group (AIM: MIDW) has announced its unaudited full year results for the year ended 31 December 2021. The Group achieved record revenue and adjusted profit before tax, whilst making further market share gains, despite ongoing disruption from the pandemic Revenue growth of 22.9% at constant exchange rates to £856.0 million, including 18.9% organic growth. Gross margin recovered strongly to 15.3% (2020:14.3%). Adjusted profit before tax increased by 130.3% at constant exchange rates to £31.9m, ahead of pre-pandemic levels. Adjusted EPS increased to 25.63p (2020: 11.20p). A proposed final dividend of 7.8p brings the full year dividend to 14.1p (including special and interim dividends) The Group posted a strong balance sheet, with year-end adjusted net debt to EBITDA of 1.1x (2020:0.9x), providing financial flexibility. Acquisitions made in 2020 and 2021 have been fully integrated and are delivering a positive contribution to the Group. Entry into the strategically important Middle East market through the acquisition of NMK, while two further acquisitions strengthened the Group’s unified communications and broadcast offerings Post the end of the period, the acquisition of Cooper Project Limited in January 2022, represents entry into the UK video security market. The acquisition of Nimans Limited in February 2022 added a UK based specialist distributor of unified communications, telecoms, collaboration and audio visual technologies. Trading since the year end is in
line with management expectations. Stephen Fenby, Managing Director of Midwich Group plc, commented: “The Group has had a very strong year, achieving record revenues and adjusted net profits. This level of performance has required a monumental effort from all of our teams and the much-appreciated loyalty and support of our customers and vendors. The pandemic-related difficulties of 2020 continued through much of 2021. These included the practicalities of home and hybrid working, product shortages, unpredictable timing of inventory supplies, logistics cost increases and a number of higher margin end-user markets remaining largely closed. We have continued to focus not only on delivering strong shortterm performance, but also building the business for the long term. We have grown and strengthened our team during the year, including particularly in North America, and also in our group-wide IT capabilities. Our acquisition programme has continued, with three transactions completed in the year and two substantial deals announced post year end.
Stephen Fenby, Managing Director of Midwich Group plc:
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to its senior leadership team. Vishal Chhatralia, Chief Digital and Marketing Officer, will move into a global role, driving digital transformation across Exertis International. Chhatralia joined Exertis in 2019, focusing his efforts on developing digital capabilities within Exertis UK. This includes online, cloud, direct2consumer, data analytics and robotic process automation. In his new role, Chhatralia will take these capabilities and accelerate the digital journey of the Exertis Group internationally, while also taking on responsibility for Exertis’ own brand portfolio and global vendor account management. Chhatralia will report into Tim Griffin, Managing Director of DCC Technology. Tim Griffin, Managing Di-
accelerate our digital transformation across the Exertis Group. Vish has successfully built blueprints for many initiatives in the UK and now we begin the process of scaling these out. I wish Vish every success in his new role.” Exertis UK has also announced structural changes. Phill Turner, Global Head of Voice of the Customer, is moving into the position of Chief Experience Officer, reporting to Paul Bryan, Managing Director of Exertis UK. The newly created role is responsible for delivering a seamless customer experience across all stages and touchpoints in the customer journey, helping the business continually achieve greater customer satisfaction and increased efficiencies. Turner will assume
Promethean has achieved carbon neutrality for the second consecutive year and improved its transportation efficiency, solidifying its commitment to modelling environmental responsibility and seeking out innovative ways to reduce its carbon footprint. Supporting the global effort to fight climate change is one of the four key pillars of Promethean’s Corporate Social Responsibility (CSR) program. Promethean is supporting the Rimba Raya Biodiversity Reserve Project in Indonesia through carbon offset purchases. The project, which meets 12 of the United Nations Sustainable Development Goals, spans more than 160,000 acres and aims to reduce Indonesia’s emissions by preserving the tropical peat swamp forest. The area is rich in biodiversity
and is home to 94 IUCN Red List of Threatened Species, including the Bornean Orangutan, the Sunda Pangolin, and the Clouded Leopard. Beyond environmental benefits, the project spearheads social and economic efforts, including programs to increase job and micro-business development and provide literacy education to children and adults in the region. “Supporting the Rimba Raya Biodiversity Reserve was an easy decision, as it simultaneously meets the goals of the United Nations and is aligned with Promethean’s core values and our Corporate Social Responsibility program,” said Paul Heffernan, EVP Operations at Promethean. “Achieving carbon neutrality for the second year in a row is a feat, and we look forward to reduc-
but will also be the driving force in prioritising and encouraging problem-solving, strategic thinking and customer orientation amongst the wider organisation including IT, Operations, HR, Finance, Sales, Commercial, Marketing, Digital and Purchasing. Robert Fitzsimons, UK Marketing Director, and Kati Eagle, Purchasing Director, will also now report directly into Paul Bryan, Managing Director, Exertis UK. Paul Bryan, Managing Director, Exertis UK, said, “I would like to say a huge congratulations to Vish on his Global move and to Phill on his new appointment. I also very much look forward to working more closely with both Kati and Rob.”
Leading technology distributor Exertis has has announced changes to its senior leadership team. Vishal Chhatralia, Chief Digital and Marketing Officer, will move into a global role, driving digital transformation across Exertis International.
Promethean carbon neutral for a second year
ing our carbon footprint in the years ahead to ultimately achieve net-zero emissions.” To understand Promethean’s impact on the environment, the company leveraged sustainability consultancy Avieco to analyse its carbon footprint in 2020. According to the analysis, Promethean improved its transportation efficiency by 61% from 0.00036 tCO2e to
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0.00022 tCO2e kilograms of transported goods from 2019 to 2020. The result is a testament to Promethean’s CSR program, which also includes waste electrical and electronic equipment (WEEE) recycling programs in the United States, United Kingdom, France, and Germany, as well as mail-back programs, among others.