{"id":5338,"date":"2021-11-25T08:58:55","date_gmt":"2021-11-25T08:58:55","guid":{"rendered":"https:\/\/sprengthomson.com\/?p=5338"},"modified":"2024-04-09T14:24:21","modified_gmt":"2024-04-09T14:24:21","slug":"macfarlane-group-plc-trading-update-2","status":"publish","type":"post","link":"https:\/\/sprengthomson.com\/macfarlane-group-plc-trading-update-2\/","title":{"rendered":"Macfarlane Group PLC Trading Update"},"content":{"rendered":"<p><a href=\"https:\/\/www.macfarlanegroup.com\/\">Macfarlane Group PLC<\/a> (\u201cthe Group\u201d) today provides an update on trading for the period to 31 October 2021.<\/p>\n<ul>\n<li>The Group\u2019s performance since the first half has been robust in the face of continuing challenging market conditions. The Board now expects the Group will exceed its previous expectations for the full year.<\/li>\n<li>Sales revenue has grown by 25% in the year to date and Group profit before tax is well ahead of the corresponding period in 2020.<\/li>\n<li>Both acquisitions made in 2021 are performing well.<\/li>\n<li>We expect the remainder of 2021 to remain challenging with input price inflation, supply constraints on certain raw materials and increased operating costs due to staffing pressures. Some customers are also experiencing supply chain issues which are affecting their demand for packaging. However, the Group\u2019s management team remains focussed on effectively managing these challenges.<\/li>\n<li>Net bank debt at 31 October 2021 reduced to \u00a32.0m (30 June 2021: \u00a38.7m).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Stuart Paterson, Chairman of Macfarlane Group, said:<\/p>\n<p>\u201cThe Macfarlane Group performance has been robust in demanding market conditions and is testament to the strength of our business model and the diligence of our people. At the interim results we indicated that we expected headwinds in the second half of 2021, so it is particularly pleasing to be once again raising our expectations for the full year.\u201d<\/p>\n<p>Read the full press release <a href=\"https:\/\/sprengthomson.com\/wp-content\/uploads\/2021\/11\/Press-Release-Macfarlane-Group-Trading-Update-25.11.21.pdf\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>If you would like to discuss your communications needs, you can reach our friendly team on\u00a0<strong>+44 (0) 141 548 5191<\/strong>\u00a0or send us an\u00a0<a href=\"mailto:team@sprengthomson.com\">email<\/a>.<\/p>\n<p>Find out more about what we do on the\u00a0<a href=\"https:\/\/sprengthomson.com\/services\/\">Services<\/a>\u00a0page and explore our\u00a0<a href=\"https:\/\/sprengthomson.com\/work\/\">Work<\/a>.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Macfarlane Group PLC (\u201cthe Group\u201d) today provides an update on trading for the period to 31 October 2021. The Group\u2019s performance since the first half has been robust in the face of continuing challenging market conditions. The Board now expects the Group will exceed its previous expectations for the full year. Sales revenue has grown by 25% in the year &#8230; <\/p>\n<div><a href=\"https:\/\/sprengthomson.com\/macfarlane-group-plc-trading-update-2\/\" class=\"more-link\">Read More<\/a><\/div>\n<p><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":10,"featured_media":3881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[152],"tags":[195],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macfarlane Group PLC Trading Update - Spreng Thomson<\/title>\n<meta name=\"description\" content=\"Macfarlane Group PLC (\u201cthe Group\u201d) today provides an update on trading for the period to 31 October 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sprengthomson.com\/macfarlane-group-plc-trading-update-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macfarlane Group PLC Trading Update - 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