Macfarlane Group (MACF)

Sector:

Support

Index:

FTSE Small Cap

116.25p
   
  • Change Today:
    -1.25p
  • 52 Week High: 129.00
  • 52 Week Low: 69.20
  • Currency: UK Pounds
  • Shares Issued: 157.81m
  • Volume: 30,745
  • Market Cap: £183.46m
  • RiskGrade: 179

Macfarlane sees annual profit broadly unchanged

By Sean Farrell

Date: Thursday 19 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Macfarlane Group said it expected annual profit would be broadly in line with the year before after sales were better than expected.
The packaging and labels company said sales revenue and profit so far in the second half were higher than a year earlier. Macfarlane also announced the retirement of Finance Director John Love after more than 20 years in the job.

Sales revenue in the four months to the end of October was up 4% and better than expected, Macfarlane said. The performance was a turnaround from the previous quarter when sales fell 5.2% during the first Covid-19 lockdown.

The company had good growth in the internet retail, household essentials and medical sectors but aerospace, high street retail and food services will take time to recover, Macfarlane said.

"Group sales revenue and profit before tax for the second half of the year to date is ahead of the corresponding period in 2019," the company said. "These trends give us confidence that the full year results for 2020 will be broadly in line with the 2019 profit before tax."

Net debt at the end of October was £0.8m, in line with the figure at the end of June. Since then, cash generation has funded repaying £5.4m of government coronavirus support, paying £1.1m in dividends and a £0.8m earn-out from the acquisition of Ecopac in 2019.

"The group continues to report strong cash generation and is operating well within its existing bank facility of £30m," Macfarlane said.

Love will retire as finance director on 31 December but stay on the board until the end of March. He joined the company in 1996 and became finance director in 1999.

His replacement will be Ivor Gray, Macfarlane's financial controller and company secretary, who has worked at the company for 24 years. Gray has joined the board with immediate effect.

Macfarlane shares fell 0.7% to 93.89p at 11:08 GMT.





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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 116.25p
Change Today -1.25p
% Change -1.06 %
52 Week High 129.00
52 Week Low 69.20
Volume 30,745
Shares Issued 157.81m
Market Cap £183.46m
RiskGrade 179

MACF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.16% below the market average7.16% below the market average7.16% below the market average7.16% below the market average7.16% below the market average
55.77% above the sector average55.77% above the sector average55.77% above the sector average55.77% above the sector average55.77% above the sector average
Price Trend
58.25% above the market average58.25% above the market average58.25% above the market average58.25% above the market average58.25% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
25.58% above the market average25.58% above the market average25.58% above the market average25.58% above the market average25.58% above the market average
60.56% above the sector average60.56% above the sector average60.56% above the sector average60.56% above the sector average60.56% above the sector average
Growth
54.80% above the market average54.80% above the market average54.80% above the market average54.80% above the market average54.80% above the market average
43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% above the sector average43.40% 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 23-Jun-2021

Time Volume / Share Price
13:22 500 @ 117.00p
13:15 14,445 @ 117.04p
13:06 1,000 @ 117.00p
13:03 401 @ 115.45p
12:46 150 @ 118.00p

MACF Key Personnel

CEO Peter Atkinson
Chair Stuart R Paterson

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