Macfarlane Group (MACF)

Sector:

Support

Index:

FTSE Small Cap

116.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 129.00
  • 52 Week Low: 69.20
  • Currency: UK Pounds
  • Shares Issued: 157.81m
  • Volume: 63,074
  • Market Cap: £183.06m
  • RiskGrade: 179

Macfarlane Q2 sales 'more resilient' than anticipated

By Iain Gilbert

Date: Monday 06 Jul 2020

LONDON (ShareCast) - (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.
While Macfarlane noted it had continued to "experience weakness" in the automotive, aerospace and high street retail sectors, total revenues were down just 7% as this was partly offset by underlying strength in the e-commerce, medical, food and household essentials sectors. As a result, interim sales were set to be down just 3% year-on-year.

The London-listed group highlighted that all of its sites remained open and trading throughout Covid-19 lockdowns - albeit with reduced levels of activity due to market disruptions caused by the pandemic.

Looking forward, Macfarlane said given the current uncertainty and concerns around the pace of the potential recovery, it was "still not possible" for it to provide meaningful guidance on trading for 2020.

"However, based on ongoing actions and current levels of trading, we expect the business to remain profitable in 2020 and to operate well within the current borrowing facility," said Macfarlane.

As of 0920 BST, Macfarlane shares were up 8.83% at 76.72p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MACF Market Data

Currency UK Pounds
Share Price 116.00p
Change Today -2.50p
% Change -2.11 %
52 Week High 129.00
52 Week Low 69.20
Volume 63,074
Shares Issued 157.81m
Market Cap £183.06m
RiskGrade 179

MACF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
8.15% below the market average8.15% below the market average8.15% below the market average8.15% below the market average8.15% below the market average
57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average
Price Trend
54.79% above the market average54.79% above the market average54.79% above the market average54.79% above the market average54.79% above the market average
18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average
Income
20.83% above the market average20.83% above the market average20.83% above the market average20.83% above the market average20.83% above the market average
57.75% above the sector average57.75% above the sector average57.75% above the sector average57.75% above the sector average57.75% above the sector average
Growth
53.74% above the market average53.74% above the market average53.74% above the market average53.74% above the market average53.74% above the market average
41.51% above the sector average41.51% above the sector average41.51% above the sector average41.51% above the sector average41.51% above the sector average

MACF Dividends

  Latest Previous
  Final Interim
Ex-Div 13-May-21 10-Sep-20
Paid 03-Jun-21 08-Oct-20
Amount 1.85p 0.70p

Trades for 18-Jun-2021

Time Volume / Share Price
16:35 16,640 @ 116.00p
16:26 4,000 @ 116.30p
15:41 8,532 @ 117.20p
15:39 277 @ 116.00p
15:39 1,473 @ 117.00p

MACF Key Personnel

CEO Peter Atkinson
Chair Stuart R Paterson

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