Macfarlane Group, the Glasgow-based packaging, design and distribution firm, said its sales revenue in the year-to-date is 11% ahead of the same period last year, with weaker volumes being offset through “effective management of input price increases.”
The company said it expects 2022 results to be ahead of last year and in line with full-year expectations.
In an update on trading for the period January 1 to October 31, 2022, Macfarlane said actions to improve productivity and streamline its operating footprint are being implemented.
Macfarlane chair Aleen Gulvanessian said: “Given the well-publicised adverse market conditions we are pleased with the performance of the group so far in 2022 and confident in meeting our profit expectations for the year.
“Whilst challenges will continue to persist, with the experience of our management team, resilience of our business model and strong acquisition pipeline, we are well placed to maintain the group’s positive progress.”
Reporter: Xindi Wei
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