Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMacfarlane Grp. Share News (MACF)

Share Price Information for Macfarlane Grp. (MACF)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 87.80
Bid: 86.80
Ask: 88.00
Change: 1.00 (1.16%)
Spread: 1.20 (1.38%)
Open: 87.00
High: 87.80
Low: 86.20
Yest. Close: 86.40
MACF Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Macfarlane Maintains First Half Momentum, Expects To Meet Forecasts

Tue, 20th Nov 2018 13:21

LONDON (Alliance News) - Packaging and label company Macfarlane Group PLC said Tuesday the momentum achieved in its first half has been maintained in the second half.

In the period from June 30 to October 31, Macfarlane said its organic revenue growth has been "consistent" from the levels record in the first half. The company is confident of meeting full year expectations, assuming the "normal seasonal uplift" in activity in the fourth quarter.

Macfarlane's sales growth for the year to date is 13%, with 5% achieved from organic growth and the remainder from acquisitions. As a result, the company said its pretax profit to date is "well above" the same period in 2017.

In 2017, Macfarlane posted a pretax profit of GBP9.3 million on revenue of GBP196.0 million.

"I am pleased to report that Macfarlane Group's performance in the second half of 2018 has continued to reflect the good progress demonstrated in the first half. The board remains confident in meeting its full year expectations for 2018," said Chairman Stuart Paterson.

Macfarlane said its bank borrowings at June 30 were GBP10.9 million. The company will pay GBP4.0 million in deferred consideration for prior acquisitions in the second half. Macfarlane said this reflects "strong trading" from the acquisitions during the earn-out period.

Shares in Macfarlane were flat Tuesday at 83.50 pence each.

More News

IN BRIEF: Macfarlane Group Says Trading Better Than Expectations

IN BRIEF: Macfarlane Group Says Trading Better Than Expectations

6 Jul 20 14:54

Macfarlane Q2 sales 'more resilient' than anticipated

(Sharecast News) - Packaging and labelling company Macfarlane Group said on Monday that sales had been "more resilient" than previously anticipated throughout the second quarter of its trading year.

6 Jul 20 09:20

CORRECT: Macfarlane Predicts Drop In Second Quarter Demand

CORRECT: Macfarlane Predicts Drop In Second Quarter Demand

12 May 20 16:17

UK TRADING UPDATE SUMMARY: Macfarlane Predicts 80% Drop In Demand

UK TRADING UPDATE SUMMARY: Macfarlane Predicts 80% Drop In Demand

12 May 20 13:21

Macfarlane to stay profitable despite demand slump

(Sharecast News) - Macfarlane said it expected to stay profitable in 2020 despite demand for its packaging products falling by up to a quarter during the Covid-19 crisis.

12 May 20 12:50

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

5 May 20 15:56

UK TRADING UPDATE SUMMARY: Kier To Reduce Salary For 6,500 Employees

UK TRADING UPDATE SUMMARY: Kier To Reduce Salary For 6,500 Employees

30 Mar 20 14:36

Macfarlane Edges Payout Higher As It Shakes Off Weaker Demand In 2019

Macfarlane Edges Payout Higher As It Shakes Off Weaker Demand In 2019

27 Feb 20 11:46

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

20 Feb 20 16:05

Macfarlane Says Sales Revenue Hurt By Weaker Demand In UK

Macfarlane Says Sales Revenue Hurt By Weaker Demand In UK

20 Nov 19 10:35

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

14 Nov 19 16:05

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

3 Oct 19 16:04

Macfarlane Buys Leyland Packaging In GBP3.3 Million Cash, Shares Deal

(Alliance News) - Packaging firm Macfarlane Group PLC said Monday it has acquired Leyland Packaging Co Ltd for up to GBP3.3 million in a cash and share deal.Macfarlane will pay an initial a

2 Sep 19 09:41

Macfarlane Group wraps up first half of sales and profit growth

(Sharecast News) - Macfarlane Group reported a 5.4% improvement in its group turnover for the first half on Thursday, to £107.54m.

22 Aug 19 11:30

Macfarlane Hikes Interim Payout As Results Rise Despite Weaker Market

(Alliance News) - Packaging firm Macfarlane Group PLC boosted its dividend Thursday after interim profit and revenue both grew despite a "weaker demand" backdrop.For the six ended

22 Aug 19 10:02

Login to your account

Don't have an account? Click here to register.