shares of midwich group plc rose wednesday after the company said that it expects to report strong 2022 revenue growth and adjusted pretax profit comfortably ahead of market expectations following a positive finish to the year shares at 0814 gmt were up 480 pence or 98 at 5400 pence the ukbased audiovisual distributor said it expects to report revenue in excess of 12 billion pounds 147 billion for 2022 up from gbp8560 million in 2021 adjusted pretax profita metric which strips out exceptional and other oneoff itemsis expected to be comfortably ahead of market views which the company provided as being in a range of gbp401 million to gbp412 million last year midwich reported an adjusted pretax profit of gbp319 million gross margin was broadly flat on year the board said despite continued general economic uncertainty and rising interest rates the strength of the business and expected growth of the audiovisual market lead the board to look forward to 2023 and beyond with confidence managing director stephen fenby said