We create automation ecosystems that enhance manufacturing to help businesses adapt and grow
Mpac Group plc
2021 Half Year Results September 2021
Introduction
Mpac Group plc is an international company listed on the London Stock Exchange, with a long and proud history of delivering innovation and excellence on a global basis.
Our business is focused on the creation of global manufacturing solutions that make and package the products millions of people worldwide depend on.
Agenda
01 Overview
- Strategy and business model
- New US facility case study
- Freyr case study
- Sustainability
- Financial review
- Outlook
- Appendices
Mpac Group plc 2021 Half Year Results | 2 |
Introduction: Tony Steels, CEO
"I am really pleased with the performance of the business in the first half of 2021. The strong momentum from H2 2020 has carried forward to 2021 with Original Equipment order intake up significantly. Good progress with the implementation of our strategic objectives provided the platform for the business to leverage the growth markets in which we operate. We remain well placed, serving markets with good underlying demand and therefore the Board believes that the results for full year 2021 will be above current market expectations and that the Group's long-term prospects remain positive.''
Mpac Group plc 2021 Half Year Results | 3 |
Overview: 2021 half year summary
- Customer focus and agility of all colleagues underpinned performance
- Strong momentum on order intake, order book led by Americas region, improving outlook in EMEA
- Mpac Switchback performance ahead of expectations
- New facilities for Switchback incorporating Mpac USA HQ
- Regional Mpac Service strategy continues to develop with good progress in the USA and the use of digital solutions
- Roll out of One Mpac business processes reached a milestone and providing benefits
- Uptick in sales of newly developed products and continuation of customer developed options
- Strategic partnership with Freyr, a developer of clean, next generation, battery cell production capacity
Mpac Group plc 2021 Half Year Results
Order intake
£51.7m
(H1 2020: £30.5m)
Revenue
£44.2m
(H1 2020: £36.8m)
Underlying PBT
£4.7m
(H1 2020: £2.5m)
Underlying EPS
18.3p
(H1 2020: 11.0p)
4
Overview: Operations and sectors
2 | 7 | >10,000 | |||||||||||
Innovation | Customer | Machines in | |||||||||||
Centers | Service Hubs | service | |||||||||||
Half Year 2021 Sales by Sector (%) | |||||||||||||
Food | |||||||||||||
Healthcare | and Beverage | ||||||||||||
& Other | |||||||||||||
47% £44.2m | 51% | ||||||||||||
(2020: | (2020:£36.8m) | ||||||||||||
Revenue | (2020: | ||||||||||||
52%) | |||||||||||||
45%) | |||||||||||||
Pharmaceutical | |||||||||||||
2% | |||||||||||||
4 | ~180 | 80 | |
Global Manufacturing | Global Engineers | Countries | |
Facilities | & Designers | served | |
Mississauga | Wijchen | ||
(CA) | (NL) | ||
91 staff | 145 staff | ||
4,500 m2 | 4,700 m2 | ||
Tadcaster | |||
Richfield | (UK) | ||
186 staff | |||
(USA) | |||
6,500 m2 | Singapore | ||
55 staff | |||
(SG) | |||
5,500 m2 | |||
13 staff | |||
Manufacturing | Sales | Service |
Who we are and what we do
Mpac Group plc is a global engineering and service provider of full line packaging and automation solutions in the essential growth sectors of healthcare, pharmaceutical, and food and beverage. We design, precision engineer and manufacture high-speed packaging and automation solutions.
Our sectors
Healthcare
We help achieve better patient outcomes through advanced products, processes & packaging formats. From contact lenses to wound care products.
Food & Beverage
Extensive expertise dealing with powders to liquids and cereals to confectionary, our packaging machinery covers a wide range of applications.
Pharmaceutical
We support clients'
pharmaceutical advances cost effectively, from inhaler assembly to transdermal patches.
Mpac Group plc 2021 Half Year Results
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Disclaimer
MPAC Group plc published this content on 02 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2021 09:31:04 UTC.