Macfarlane Group PLC
11 July 2007
Macfarlane Group PLC
Pre-close trading update
11 July 2007
Macfarlane Group ('the Company') intends to announce its results for the six
months to 30 June 2007 on Tuesday 11th September 2007.
The Company will report an increase in sales from continuing activities,
improved trading performance and a return to first half profits.
Sales in our Packaging Distribution business are over 10% ahead of last year and
margins are recovering. The net effect is a significantly improved performance
from our Packaging Distribution business in the first half compared with 2006.
In our Manufacturing Operations, the Labels, Plastics and UK Packaging
Manufacturing businesses are performing satisfactorily. Our US/Mexico business
is contending with slower markets in 2007 but is now realigning its cost base
with these lower levels of demand. The Manufacturing Operations will show an
improvement in profit for the first half compared with 2006.
The most significant feature of trading to date in 2007 is the improvement in
our key businesses, particularly in Packaging Distribution, reflecting our aim
to give greater focus to the Company's activities. The Company's intentions
regarding dividend payments remain as previously expressed.
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
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.