Packaging equipment and automation provider Mpac Group (LON: MPAC) has warned that problems obtaining critical electronic components and delays to orders will hit profitability this year. The share price reaction appears overdone, although any bad news is severely punished these days. There is a good order book and potential for expansion in the battery storage sector.
The order book is better than last year. Interim revenues are in line with expectations, which are £49.5m, but the second half will be much tougher. These conditions will continue at least until the end of the year.
The trouble ...
