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AV News February 2023

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February 2023 www.avnewsonline.com

The direct channel to the industry

AV News Award 2023 Winners

ISE 2023: back on course!

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Page 27 The 2023 edition of the world’s leading audiovisual and ISE surpassed all expectations as it delivered record visitor numbers, stimulating new content and appearances from royalty and political dignitaries at the Fira Gran Via Barcelona!

The nominations are in – this time in record numbers - the judging complete and the shortlists published. Below we can announce the category winners acknowledged ay an Awards presentation ceremony at ISE 2023 in Barcelona

Midwich shares year-end trading Clevertouch announces the BIG 3! update

Boxlight’s Clevertouch brand is to release the BIG THREE at ISE 2023 – a suite of new collaboration products designed to enhance the workplace and a stunning new range of LED Videowalls to make any space come alive. Introducing the new LED

Videowall range, CleverWall. CleverWall is suited to many settings, with pixel pitch ranges from 1.2 to 2.4mm and sizes to suit any environment. Easy to install, modular in construction, with a cabinet of less than 5kgs. Built in screen sharing for up to four devices, the all-in-one solution has integrated audio and comes with its own processor. Content sharing just got easier with the new CleverHub. Use CleverHub with any branded screen – interactive or not – to enable the screen with Clevertouch’s screen sharing and digital signage technology. Clever-

Hub empowers on-site colleagues, visitors, and remote workers to meet and connect effortlessly, mirror content from their own devices, and enjoy streamlined meeting participation for effective collaboration across any third party platform, including

casting and mirror casting for meetings. CM Pro delivers on flexibility with screen sharing functionality, which allows for users to select their preferred device and sharing platform including AirPlay, Google Cast or Miracast for a convenient yet engaging

Boxlight’s Clevertouch brand is to release the BIG THREE at ISE 2023 – a suite of new collaboration products designed to enhance the workplace and a stunning new range of LED Videowalls to make any space come alive. Teams, Zoom, Google Meet, and Webex. CleverHub fully supports BYOD and is compatible with the Clevershare App, Airplay, Google Cast and Micracast, enabling any device to be shared so that existing hardware can be utilised, reducing costs and wastage. One CleverConnect USB-C collaboration dongle is included. CM Pro is a commercial display that can be used for both digital signage broad-

meeting collaboration. CM Pro can be controlled remotely from any location, anywhere in the world with the installed MDM software. By linking multiple screens, the entire hardware estate can be managed from a single location, allowing for instant status information, troubleshooting, updating or removing of Apps and OTA updates to be simultaneously deployed.

Maverick AV Solutions

Setup as simple as 1,2,3. Meeting room setup simplified. No PC. Fewer cables. Built in support.

Midwich shares year-end trading update Midwich Group plc (AIM: MIDW) has provided a trading update for the year ended 31 December 2022. The Group finished the year strongly and the Board now expects to report record revenue for 2022 of £1.2 billion, representing growth of approximately 40% over the prior year (39% at constant currency), with organic growth of over 20%. The gross margin was broadly in line with 2021 levels. As a result of this strong performance, the Board now anticipates reporting adjusted profit before tax for the 2022 period comfortably ahead of market consensus. Adjusted net debt at the end of the year was under £100 million (representing approximately 1.7 times adjusted EBITDA), in line with the Board’s expectations. Cash generation was between 50% and 60%, which

was also in line with the Board’s expectations given the Group’s strong revenue growth. In order to support the delivery of its acquisition pipeline, in December 2022 the Group increased its revolving credit facility from £80 million to £175 million. Stephen Fenby, the Group Managing Director, commented: “2022 saw the strongest annual growth in the Group’s history, with revenue increasing by over 40% to £1.2 billion. This significant revenue growth led to a record profit performance, for which I would like to thank the team and our partners for their continued support. Despite continued general economic uncertainty and rising interest rates, the strength of the business and expected growth of the AV market lead the Board to look forward to 2023 and beyond with confidence.”

Stephen Fenby, Midwich Group Managing Director: “2022 saw the strongest annual growth in the Group’s history, with revenue increasing by over 40% to £1.2 billion.”

New Executive Management Board at Sennheiser Following the realignment of the company with a focus on the professional audio business, the Sennheiser Group is entering 2023 with a newly formed management team. The audio specialist’s new Executive Management Board includes representatives from the three business units Pro Audio, Business Communication and Neumann, as well as Supply Chain, Corporate Functions and Development. Together with Co-CEOs Daniel and Andreas Sennheiser, the Board members will implement the

strategic goals of the Sennheiser Group. As of the beginning of the current year, the operational business of the Sennheiser Group will be managed by a team of six: The new Executive Management Board (EMB) includes Greg Beebe (Executive Vice President Professional Audio), Ron Holtdijk (Executive Vice President Business Communication), Ralf Oehl (CEO Georg Neumann GmbH), Steffen Heise (CFO), Dr. Andreas Fischer (COO) and Markus Redelstab (CTO). Peter Claussen and Thom-

as Weinzierl, who were previously COOs responsible for Professional Business and Supply Chain, will also remain on the EMB before their respective retirements in the course of the years 2023 and 2024. In the intervening period, they will gradually hand over their operational tasks and extensive knowledge to the new EMB. In the future, Co-CEOs Dr. Andreas and Daniel

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