This morning’s announcement by the protective packaging solutions specialist, the Macfarlane Group (LON:MACF), of its Annual Results for December 2024 were up to expectations.
The markets in which the group operates were challenging throughout 2024 and it reported that its management team had responded effectively, enabling the business to produce a profit performance for the year in line with market consensus.
The group reported revenues were down 4% at £270.4m (£280.7m), while adjusted pre-tax profits were 3% lower at £24.97m (£25.85m), with earnings some 5% easier at 11.5...
