11th May 2021 17:49
Macfarlane Group PLC - Glasgow-based packaging firm - Says it has made a positive start to 2021, with sales in the first quarter 15% ahead of the same period in 2020. Says group profit for the year to date is also well ahead 2020 levels. Says Carters Packaging and GWP acquired businesses are progressing well post-acquisition.
"Covid-19, supply shortages and raw material price increases will continue to have an impact on the markets we serve for the remainder of 2021. However, we have consistently demonstrated our ability to address such challenges and effectively support our customers. We are therefore confident that the resilience of our business model, together with the skill and commitment of our people, will ensure 2021 will be another year of good progress for Macfarlane Group," says Chair Stuart Paterson.
Current stock price: 114p
Year-to-date change: up 30%
By Arvind Bhunjun; [email protected]
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