Mpac Group Plc Share Price (MPAC)

Adam Holland (CEO) and Will Wilkins (Group Finance Director) of Mpac Group conducted an Investor Presentation covering their FY Results for the period ended 31 Dec 2023.

After a short video ("Innovation Unleashed"), management ran viewers through highlights of the period including strong financial performance, returning the Group to revenue and profit growth, and positive net cash. The team updated investors on progress towards strategic objectives and discussed the Group's ambitions, as well as providing a detailed financial review and answering questions in a wide-ranging Q&A session.

The full video is available below, divided into chapters:

0:00:03 Mpac corporate video ("Innovation Unleased")

0:06:49 About Mpac, including case studies (Adam Holland, CEO)

0:21:22 Financials (Will Wilkins, Group FD)

0:30:53 Ambition & Strategy

0:39:38 Summary & Outlook

0:40:35 Questions & Answers

Full video here: https://www.equitydevelopment.co.uk/research/mpac-group-investor-presentation-fy-results-march-2024

Detailed new research report here: https://www.equitydevelopment.co.uk/research/going-for-growth-fy23-results-ahead-on-all-metrics

For the year to 31 December 2023, Mpac Group reported results which were ahead on all key metrics.

Revenue of £114.2m, +17%YoY, was 7% above ED outlook and EBITDA (adj.) of £10.7m, 12% above our outlook, a 9.4% margin (FY22: 7.0%). The closing order book of £72.5m was up 8%YoY, backed by record £118.5m order intake, an impressive +41%YoY.

Mpac achieved its initial goal of a return to normalised operations and has established a firm platform for growth. Accordingly, the Group has launched a new five-year roadmap with an ambition to broadly double revenue from their existing businesses.

We have raised our Fair Value from 485p/share to 530p/share with the prospect of FY25 adj. EBITDA c.40% above FY23.

Expecting a bit of short-term action and, as usual, unless results wildly good or bad, retrenchment afterwards.

The thing with this co is that although hardly large and well-known, it has expertise and many overseas contacts.

This gives it the potential to find new work and, perhaps even more important, to attract bids while small enough to be a nice 'bolt-on'. Definitely one to hold.

Mpac, a global packaging and automation solutions group, will be conducting an Investor presentation covering their Full Year results for the period ended 31st December 2023.

The online presentation will be hosted by Adam Holland (CEO) and Will Wilkins (Group Finance Director).

This event will take place at 9.45am on Friday 22nd March.

The webinar is open to all existing and potential shareholders, and registration is free. Questions can be submitted during the presentation to be addressed at the end.

Sign up to register here: https://www.equitydevelopment.co.uk/news-and-events/mpac-fypresentation-22march2024

Now's your chance