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8e21e-gb-macfarlane-group-plc
MACFARLANE GROUP PLC
MACFARLANE GROUP PLC
Location
Founded
Website
https://www.macfarlanegroup.com
Articles
241 Articles
Category
Nondurable Goods, Not Elsewhere Classified
Business Services, Not Elsewhere Classified
Description
Macfarlane Group is a packaging company that has been in operation for around 70 years. It is listed on the main LSE market and has annual sales of approximately £264 million. The company has over 1,000 employees and operates in the UK, Ireland, and Continental Europe. Macfarlane Group has two main businesses: Packaging Distribution, which accounts for 89% of group sales and involves the distribution of protective packaging materials, and Packaging Design and Manufacture, which accounts for 11% of group sales and focuses on designing and manufacturing packaging products for high protection value items. The company serves various customer sectors, including internet retail, aerospace, logistics, automotive, and electronics. Macfarlane Group operates through regional distribution centers and manufacturing centers. It follows a decentralized structure for sales and operations, supported by central functional teams. The company is headquartered in Glasgow, Scotland, and is listed on the UK Stock Exchange.
The Macfarlane Group, headquartered in Glasgow, has reported a 3% year-on-year decline in revenue to £280.7 million in its preliminary results for 2023. However, amidst challenging market conditions, the company demonstrated resilience with adjusted profits before tax increasing by 10% from p
Macfarlane Group (LON:MACF – Get Free Report)‘s stock had its “house stock” rating reaffirmed by equities research analysts at Shore Capital in a research report issued to clients and investors on Monday, MarketBeat.com reports.
Macfarlane Group PLC (LON:MACF – Get Rating)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 106.87 ($1.30) and traded as low as GBX 102.50 ($1.25).
Macfarlane Group PLC (“the Group”) has performed strongly in the year ended 31 December 2021. Our results are well ahead of the previous year and better than market expectations.
Packaging company Macfarlane Group achieved another year of growth in 2018 with a 20% rise in profit before tax and exceptional items to £11.2 million (2017: £9.3m). Sales were 11% higher at £217.3m, (2017: £196m)
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