Macfarlane Group PLC Trading Update (9716T)
November 20 2019 - 1:00AM
UK Regulatory
TIDMMACF
RNS Number : 9716T
Macfarlane Group PLC
20 November 2019
Trading Update
20 November 2019
Macfarlane Group PLC today provides an update on trading for the
period from 30 June 2019 to 31 October 2019.
Sales revenue has grown by 4% in the year to date and Group
profit before tax is ahead of the corresponding period in 2018.
Sales revenue has continued to be impacted by the UK's
well-publicised weaker demand and by price deflation. This is being
offset by management action to improve gross margins and reduce
overhead costs. The two acquisitions made in 2019 are both
performing well.
Stuart Paterson, Chairman of Macfarlane Group, said:
"I am pleased to report that Macfarlane Group's performance in
the second half of 2019 has remained robust in the face of weaker
demand conditions. On the assumption that the Group benefits from
the normal seasonal uplift in activity in the remainder of 2019,
the Board is confident that results will be ahead of last year and
in line with its full year expectations for 2019."
Further enquiries: Macfarlane Group Tel: 0141 333
9666
Stuart Paterson Chairman
------------------------------- ------------------
Peter Atkinson Chief Executive
------------------------------- ------------------
John Love Finance Director
------------------------------- ------------------
Spreng Thomson Tel: 0141 548
5191
------------------------------- ------------------
Callum Spreng Mob: 07803 970103
------------------------------- ------------------
Notes to Editors:
-- Macfarlane Group PLC is headquartered in Glasgow, Scotland,
listed on the London Stock Exchange (LSE: MACF) in the Industrials
Sector and has more than 60 years' experience in the UK packaging
industry
-- Macfarlane Group's businesses are:
Macfarlane Packaging is the leading UK distributor of a
comprehensive range of protective packaging products
Labels designs and prints high quality self-adhesive and
resealable labels, principally for FMCG companies
Packaging Design and Manufacture designs and produces protective
packaging for high value, fragile products
-- Macfarlane Group employs over 925 people at 31 sites,
principally in the UK, but also in Ireland and Sweden
-- The company has 20,000+ customers in the UK, Europe and USA
providing 600,000+ lines to a wide range of industry sectors
including: consumer goods; food manufacturing; logistics; internet
retail; mail order; electronics; defence and aerospace
Legal Entity Identifier (LEI): 213800LVRYDERSJAAZ73
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END
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