Macfarlane Group ahead of last year in trading update : vima

Macfarlane Group ahead of last year in trading update


Macfarlane Group ahead of last year in trading update
Richard Stuart-Turner
Tuesday, May 11, 2021
Packaging giant Macfarlane Group has reported sales in the first quarter 15% ahead of the same period in 2020.
Macfarlane Group has completed two acquisitions so far this year
In the company’s Annual General Meeting trading update, which covers 2021 to date, the Glasgow-headquartered firm also said group profit for the year to date was “well ahead of that achieved in 2020”.
At the AGM in Glasgow today, chairman Stuart Paterson will say: “We have grown our Packaging Distribution business by 10%, with strong sales to our e-commerce retail customers and some signs of recovery from our industrial customers being offset by continued weakness in sales to our aerospace, high street retail and hospitality customers.

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