Mpac Group plc

Equities

MLIN

GB0005991111

Industrial Machinery & Equipment

Market Closed - London S.E. Other stock markets 11:35:00 2024-04-26 am EDT			5-day change	1st Jan Change
440 ^GBX	+3.53%		+2.92%	+69.23%

Apr. 26	Facilities by ADF profit hit by Hollywood strikes	AN
Apr. 26	Tata Group Unit Joins Ilika's Goliath Industrialization Program	MT

Mpac 2023 profit in line with market view amid best ever order intake

January 11, 2024 at 07:16 am EST

(Alliance News) - Mpac Group PLC on Thursday said it was pleased with its performance in 2023, citing "strong" order intake.

The Tadcaster, England-based packaging automation company said it will report 2023 underlying pretax profit in line with market expectations, with "substantially" higher second half revenue and pretax profit in the second than the first financial half.

It said that the closing order book at the end of 2023 was 12% higher at GBP75.0 million from GBP67.2 million a year prior.

The company expects to remain net cash positive throughout 2024.

Chief Executive Officer Adam Holland said: "FY23 order intake was the highest ever for Mpac and was comfortably above 2022. We start 2024 with an increased order book from our resilient end markets and a high level of coverage of forecast revenue, supporting delivery of our expectations for further growth in the year ahead.''

Mpac plans to announce its 2023 results in the week starting March 18.

Mpac shares rose 3.4% to 307.50 pence each on Thursday afternoon in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MPAC GROUP PLC	440 GBX	+3.53%	+2.92%	112M
	FIRST FINANCIAL HOLDING CO., LTD.	26.95 TWD	+0.19%	+1.13%	11.25B

Latest news about Mpac Group plc

Facilities by ADF profit hit by Hollywood strikes	Apr. 26	AN
Tata Group Unit Joins Ilika's Goliath Industrialization Program	Apr. 26	MT
Mpac Group plc Receives £1.2 Million Order for A 1.5MWh Solid State Battery Assembly Line	Apr. 26	CI
Mpac Group launches first environmental, social & governance report	Apr. 17	AN
Onward Opportunities' small-cap strategy yields solid results in 2023	Apr. 11	AN
Transcript : Mpac Group plc, 2023 Earnings Call, Mar 22, 2024	Mar. 22
EARNINGS AND TRADING: Pebble doubles dividend despite reduced profit	Mar. 19	AN
Earnings Flash (MPAC.L) MPAC GROUP Posts FY23 Revenue GBP114.2M	Mar. 19	MT
Earnings Flash (MPAC.L) MPAC GROUP Reports FY23 EPS GBX13.10	Mar. 19	MT
Mpac Group plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 19	CI
Mpac 2023 profit in line with market view amid best ever order intake	Jan. 11	AN
Ilika secures further grant support for Goliath pilot	23-10-09	AN
Ilika Receives GBP400,000 Grant to Boost Goliath Pilot Production	23-10-09	MT
HC Slingsby appoints Mpac chair as independent non-executive chair	23-09-12	AN
HC Slingsby Appoints Mpac Chair to Same Role	23-09-12	MT
Transcript : Mpac Group plc, H1 2023 Earnings Call, Sep 08, 2023	23-09-08
FTSE 100 Closes Up 0.21% on Pound Weakness	23-09-07	DJ
UK Inflation Expectations Fall, Boosting Prospects for BOE Rate Pause	23-09-07	DJ
Mpac swings to interim profit as revenue climbs on high demand	23-09-07	AN
UK Gilt Yields Fall on Rising Expectations of a BOE Rate Pause	23-09-07	DJ
FTSE 100 Falls After Weak Performance in Asian Markets	23-09-07	DJ
Mpac Group plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-07	CI
Mpac Group Seeks Acquisitions	23-09-07	CI
Pay data lifts pound; China cheer boosts stocks	23-07-11	AN
FTSE 100 Closes Up 0.1% Lifted by Oil, Miner Stocks	23-07-11	DJ

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Company Profile

Mpac Group plc is a United Kingdom-based packaging and automation solutions company. The Company is engaged in engineering and technology, designing, precision engineering, manufacturing, and supporting high-speed packaging equipment and solutions. Its segments include Original Equipment (OE) and Service. The OE segment is engaged in the making, packing and testing of packaging solutions, machinery and high-specification automation, secondary packaging equipment and at line instrumentation solutions. The Service segment is engaged in selling spare parts and providing service engineers and support staff to customers, enabling them to maximize the benefits of their packaging solutions, machinery and automation, secondary packaging equipment, end-of-line robotics and at line instrumentation solutions. It operates in the Americas, EMEA and Asia Pacific. It serves customers in sectors, including health and personal care/pharmaceutical, food and beverage, consumer goods and clean energy.

Sector

Industrial Machinery & Equipment

Calendar

2024-05-15 - Annual General Meeting

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Ratings for Mpac Group plc

Trading Rating

Investor Rating

ESG Refinitiv

D+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.4 GBP

Average target price

5.15 GBP

Spread / Average Target

+17.05%

Consensus

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Quarterly earnings - Rate of surprise

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