Protective packaging design, manufacturing and distribution group Macfarlane (MACF) has announced results for the first half of the 2023 calendar year and that new business momentum and its management of pricing and costs mean that its profit expectations for the full year remain unchanged.
Packaging designer, manufacturer and distributor Macfarlane Group (MACF) has issued a trading update headlined “Solid start to 2023 - on course to meet full year expectations”, so what does that mean relative to a now 114.5p share price, £181.3 million market cap?
Packaging designer, manufacturer and distributor Macfarlane Group (MACF) has announced the acquisition of A & G Holdings, owner of Gottlieb Packaging Materials – a North-West of England-based supplier of protective packaging products to customers across a wide range of sectors.
Packaging group Macfarlane (MACF) “is pleased to announce the acquisition ofPackMann Gesellschaft für Verpackungen und Dienstleistungen mbH, a protective packaging distribution business based in Eppelheim near Heidelberg, Germany”, emphasising it is to accelerate the growth of its protective packaging business in Northern Europe. Crazy name eh! German is such an amazing language. But a good deal.
Packaging group Macfarlane (MACF) has announced “a solid start to 2022, with first quarter sales and profits from continuing operations ahead of the same period in 2021… expectations for the full year are unchanged”. So what of a current 120.5p share price?
Packaging group Macfarlane (MACF) has announced results for the 2021 calendar year and that 2022 trading in the early months has been “encouraging” and that it is confident it will deliver further growth.
Perhaps some traders may feel that we are coming to the bull run at Macfarlane Group a little late in the day. However, it is the case that the same complaint could have been made a year or even 2 years ago