The latest update is out from Macfarlane ( (GB:MACF) ).
Macfarlane Group PLC reported its 2024 annual results, highlighting a 4% decrease in group revenue to £270.4m, while profit before tax rose by 3% to £20.9m. The company faced challenging market conditions but managed to maintain profitability through effective cost management, new business development, and strategic acquisitions. The Packaging Distribution division saw a 7% revenue decline due to weak demand and price deflation, partially offset by acquisitions. Meanwhile, Manufacturing Operations experienced a 16% revenue increase, driven by contributions from recent acquisitions. The company also advanced its sustainability agenda by reducing carbon emissions and mapping Scope 3 emissions. Looking ahead, Macfarlane anticipates continued challenges in 2025 but remains optimistic about its growth prospects, supported by a strong acquisition pipeline and improved banking facilities.
More about Macfarlane
Macfarlane Group PLC, listed on the London Stock Exchange, is a leading UK company in the packaging industry. It operates through two main divisions: Packaging Distribution, which is the top distributor of protective packaging products in the UK, and Manufacturing Operations, which designs and produces protective packaging for high-value and fragile items. Headquartered in Glasgow, Scotland, Macfarlane Group serves over 20,000 customers across various sectors such as retail e-commerce, consumer goods, and aerospace, employing over 1,000 people across 43 sites in the UK, Ireland, Germany, and the Netherlands.
YTD Price Performance: -0.47%
Average Trading Volume: 249,708
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £170.8M
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