Macfarlane Group PLC
30 June 2006
Macfarlane Group PLC
Pre-close trading update
Macfarlane Group ('the Company') intends to announce its results for the six
months to 30 June 2006 on Tuesday 5th September 2006.
The Company will report an increase in sales from continuing activities in the
first half compared to the equivalent period in 2005. Despite this sales growth,
margins, primarily in Distribution, have been softer than expected, particularly
in the second quarter and the rate of new business wins in the Labels business
is slower than anticipated. As a result profitability for the first half of the
year from continuing activities is expected to be lower than the first half last
year.
The Company continues to expect a significant uplift in profit from continuing
activities for the full year compared to 2005, but to a level below previous
expectations, primarily due to reduced profitability in the Labels business.
Within the results for the full year the Manufacturing Division (which includes
the Labels business) is expected to produce profits in 2006 at a level similar
to those in 2005. The Distribution Division's profits for the full year are
expected to be ahead of those in 2005.
The Company's intentions with regard to dividend payments set out earlier this
year remains unchanged.
Further information
Archie Hunter Chairman 0141 333 9666
Peter Atkinson Chief Executive 0141 333 9666
John Love Finance Director 0141 333 9666
This information is provided by RNS
The company news service from the London Stock Exchange
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