Announcement • Feb 27
Macfarlane Group PLC, Annual General Meeting, May 12, 2026 Macfarlane Group PLC, Annual General Meeting, May 12, 2026. Announcement • Feb 09
Macfarlane Group PLC to Report Fiscal Year 2025 Results on Feb 26, 2026 Macfarlane Group PLC announced that they will report fiscal year 2025 results on Feb 26, 2026 Buy Or Sell Opportunity • Jan 04
Now 20% overvalued Over the last 90 days, the stock has fallen 20% to €0.79. The fair value is estimated to be €0.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.8%. Revenue is forecast to grow by 8.9% in 2 years. Earnings are forecast to decline by 20% in the next 2 years. Announcement • Aug 28
Macfarlane Group PLC Announces Interim Dividend, Payable on 9 October 2025 Macfarlane Group PLC announced interim dividend of 0.96 pence per share (first half 2024: 0.96 pence per share) - to be paid on 9 October 2025 to shareholders on the register as at 12 September 2025 (ex-dividend date 11 September 2025). Announcement • Jul 10
Macfarlane Group PLC to Report First Half, 2025 Results on Aug 28, 2025 Macfarlane Group PLC announced that they will report first half, 2025 results on Aug 28, 2025 Announcement • Mar 01
Macfarlane Group PLC Proposes Final Dividend for 2024, Payable on 13 June 2025 The Board of Macfarlane Group PLC proposed a final dividend for 2024 of 2.70 pence per share, amounting to a full-year dividend of 3.66 pence per share (2023: 3.59 pence per share), an increase of 2% on 2023. Subject to the approval of shareholders at the Annual General Meeting on 13 May 2025, the final dividend will be paid on 13 June 2025 to those shareholders on the register on 16 May 2025 (ex-dividend date 15 May 2025). Announcement • Feb 27
Macfarlane Group PLC, Annual General Meeting, May 13, 2025 Macfarlane Group PLC, Annual General Meeting, May 13, 2025. Announcement • Feb 12
Macfarlane Group PLC to Report Fiscal Year 2024 Results on Feb 27, 2025 Macfarlane Group PLC announced that they will report fiscal year 2024 results on Feb 27, 2025 Reported Earnings • Aug 26
First half 2024 earnings released: EPS: UK£0.045 (vs UK£0.047 in 1H 2023) First half 2024 results: EPS: UK£0.045 (down from UK£0.047 in 1H 2023). Revenue: UK£129.6m (down 8.5% from 1H 2023). Net income: UK£7.24m (down 3.6% from 1H 2023). Profit margin: 5.6% (up from 5.3% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 24
First half dividend of UK£0.0096 announced Shareholders will receive a dividend of UK£0.0096. Ex-date: 12th September 2024 Payment date: 10th October 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 22
Macfarlane Group plc Announces Interim Dividend for the Six Months Ended June 30, 2024, Payable on October 10, 2024 Macfarlane Group PLC announced interim dividend increased to 0.96 pence per share for the six months ended June 30, 2024 (first half 2023: 0.94 pence per share) - to be paid on 10 October 2024 to shareholders on the register as at 13 September 2024 (ex-dividend date 12 September 2024). Announcement • Aug 01
Macfarlane Group PLC to Report First Half, 2024 Results on Aug 22, 2024 Macfarlane Group PLC announced that they will report first half, 2024 results on Aug 22, 2024 Announcement • Jul 16
Macfarlane Group PLC Appoints David Stirling as a Non-Executive Director, Effective 1 January 2025 The Board of Macfarlane Group PLC announced the appointment of David Stirling as a non-executive director with effect from 1 January 2025, following the retirement of Bob McLellan. David recently retired as Group CEO of Zotefoams plc, a manufacturer of cellular specialist materials and listed on the London Stock Exchange. During his 24 years as CEO, the business grew significantly through innovation in foam products and investment in new sites in Europe, North America and Asia. David trained as a Chartered Accountant in Scotland, undertaking overseas assignments with PwC, before joining Zotefoams as Finance Director in 1997. Buy Or Sell Opportunity • Jul 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to €1.36. The fair value is estimated to be €1.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 7.1% per annum over the same time period. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total returns to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.57 per share. Announcement • May 09
Macfarlane Group plc Provides Earnings Guidance for Second Half of 2024 and the Full Year of 2024 Macfarlane Group PLC provided earnings guidance for second half of 2024 and the full year of 2024. The Group expects an improved trading performance in the second half of 2024 through the conversion of a strong new business pipeline combined with some sales recovery from existing customers, good management of gross margins, control of costs and further benefits from M&A activity.Despite the slow start to the year, expectations for the full year are unchanged. Recent Insider Transactions • Mar 30
Chief Executive & Executive Director recently sold €264k worth of stock On the 26th of March, Peter Atkinson sold around 169k shares on-market at roughly €1.56 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Peter has been a net seller over the last 12 months, reducing personal holdings by €511k. Declared Dividend • Mar 03
Final dividend of UK£0.026 announced Shareholders will receive a dividend of UK£0.026. Ex-date: 9th May 2024 Payment date: 30th May 2024 Dividend yield will be 2.7%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 8.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: UK£0.094 (vs UK£0.099 in FY 2022) Full year 2023 results: EPS: UK£0.094 (down from UK£0.099 in FY 2022). Revenue: UK£280.7m (down 3.3% from FY 2022). Net income: UK£15.0m (down 4.8% from FY 2022). Profit margin: 5.3% (down from 5.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 27
Macfarlane Group PLC to Report Q4, 2023 Results on Feb 29, 2024 Macfarlane Group PLC announced that they will report Q4, 2023 results on Feb 29, 2024 Buy Or Sell Opportunity • Jan 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to €1.40. The fair value is estimated to be €1.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 1.3% in 2 years. Earnings are forecast to grow by 1.8% in the next 2 years. Announcement • Dec 13
Macfarlane Group PLC Announces Board Changes Macfarlane Group PLC announced that Bob McLellan will retire from the board on 31 December 2023, following a long period of distinguished service. A recruitment process for his replacement as a non-executive director has commenced and an announcement will be made in due course when a suitable candidate has been appointed. As part of this change, James Baird, Audit Committee Chair, will become the Senior Independent Director (SID) of the Group. Recent Insider Transactions • Sep 08
Chief Executive & Executive Director recently sold €247k worth of stock On the 5th of September, Peter Atkinson sold around 192k shares on-market at roughly €1.28 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Peter's only on-market trade for the last 12 months. Reported Earnings • Aug 25
First half 2023 earnings released: EPS: UK£0.047 (vs UK£0.044 in 1H 2022) First half 2023 results: EPS: UK£0.047 (up from UK£0.044 in 1H 2022). Revenue: UK£141.6m (up 1.7% from 1H 2022). Net income: UK£7.51m (up 7.7% from 1H 2022). Profit margin: 5.3% (up from 5.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Macfarlane Group PLC to Report First Half, 2023 Results on Aug 24, 2023 Macfarlane Group PLC announced that they will report first half, 2023 results on Aug 24, 2023 Buying Opportunity • Jun 21
Now 27% undervalued Over the last 90 days, the stock is up 8.8%. The fair value is estimated to be €1.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings is also forecast to grow by 3.1% per annum over the same time period. Upcoming Dividend • May 04
Upcoming dividend of UK£0.025 per share at 3.1% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: UK£0.099 (vs UK£0.087 in FY 2021) Full year 2022 results: EPS: UK£0.099 (up from UK£0.087 in FY 2021). Revenue: UK£290.4m (up 9.8% from FY 2021). Net income: UK£15.7m (up 14% from FY 2021). Profit margin: 5.4% (up from 5.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Europe. Announcement • Feb 15
Macfarlane Group PLC to Report Fiscal Year 2022 Results on Feb 23, 2023 Macfarlane Group PLC announced that they will report fiscal year 2022 results on Feb 23, 2023 Board Change • Oct 02
Less than half of directors are independent Following Non-Executive Director Laura Whyte's arrival on 01 October 2022, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Chairman Aleen Gulvanessian was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 15
Macfarlane Group PLC Announces Executive Changes The Board of Macfarlane Group PLC announced the appointment of Laura Whyte as a non-executive director with effect from 1 October 2022. She has also been appointed as Chair of Macfarlane Group's Remuneration Committee, succeeding Aleen Gulvanessian, who will become Chair of Macfarlane Group on 1 October. Laura had a long-standing career at John Lewis where she served on the Management Board for over ten years, latterly as HR Director. She led several business initiatives in support of retailing, with a particular focus on the customer experience. Since 2014 she has worked as a non-executive director with several organisations. Her roles include Capital and Regional plc where she chairs the Remuneration and ESG Committees and is a member of the Audit and Nominations Committees, The British Horseracing Authority and the Old Naval College Greenwich. Buying Opportunity • Sep 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €1.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 8.6% in 2 years. Earnings is forecast to grow by 15% in the next 2 years. Reported Earnings • Aug 26
First half 2022 earnings released: EPS: UK£0.044 (vs UK£0.038 in 1H 2021) First half 2022 results: EPS: UK£0.044 (up from UK£0.038 in 1H 2021). Revenue: UK£139.2m (up 4.3% from 1H 2021). Net income: UK£6.98m (up 16% from 1H 2021). Profit margin: 5.0% (up from 4.5% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.8%, compared to a 8.1% growth forecast for the Trade Distributors industry in Germany. Announcement • Aug 25
Macfarlane Group PLC Declares Interim Dividend, Payable on October 13, 2022 Macfarlane Group PLC announced that interim dividend increased to 0.90 pence per share (H1 2021: 0.87 pence per share) - to be paid on 13 October 2022 to shareholders on the register as at 16 September 2022. Announcement • Aug 05
Macfarlane Group PLC to Report First Half, 2022 Results on Aug 25, 2022 Macfarlane Group PLC announced that they will report first half, 2022 results on Aug 25, 2022 Announcement • May 18
Macfarlane Group PLC (LSE:MACF) acquired Packmann Gesellschaft FÜR Verpackungen Und Dienstleistungen Mbh for €8.625 million. Macfarlane Group PLC (LSE:MACF) acquired Packmann Gesellschaft FÜR Verpackungen Und Dienstleistungen Mbh for €8.625 million on May 17, 2022. Macfarlane has acquired 100% of PackMann for a maximum cash consideration of €8.625 million (including an earn-out of €1.75 million based on agreed profit growth targets over two years) and a recovery for closing adjustments estimated to be €0.6 million, including €0.6 million of net bank debt. The consideration will be financed through the Group’s existing €53.15 million bank facility. For the year ended 31 December 2021, PackMann generated sales of €12.8 million, EBITDA of €0.9 million and pre-tax profits of €0.8 million.
Macfarlane Group PLC (LSE:MACF) completed the acquisition of Packmann Gesellschaft FÜR Verpackungen Und Dienstleistungen Mbh on May 17, 2022. Upcoming Dividend • May 05
Upcoming dividend of UK£0.023 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.1%). In line with average of industry peers (2.5%). Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: UK£0.087 (vs UK£0.062 in FY 2020) Full year 2021 results: EPS: UK£0.087 (up from UK£0.062 in FY 2020). Revenue: UK£264.5m (up 26% from FY 2020). Net income: UK£13.7m (up 41% from FY 2020). Profit margin: 5.2% (up from 4.6% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.3%, compared to a 10.0% growth forecast for the industry in Germany. Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: UK£0.087 (up from UK£0.064 in FY 2020). Revenue: UK£264.5m (up 15% from FY 2020). Net income: UK£13.7m (up 35% from FY 2020). Profit margin: 5.2% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 5.3%, compared to a 8.6% growth forecast for the industry in Germany. Announcement • Feb 11
Macfarlane Group PLC to Report Fiscal Year 2021 Results on Feb 24, 2022 Macfarlane Group PLC announced that they will report fiscal year 2021 results on Feb 24, 2022 Announcement • Jan 05
The Reflex Group Ltd acquired Macfarlane Labels Limited from Macfarlane Group PLC (LSE:MACF) for £6.4 million. The Reflex Group Ltd acquired Macfarlane Labels Limited from Macfarlane Group PLC (LSE:MACF) for £6.4 million on December 31, 2021. 95% of the consideration was paid on completion with the balance payable within three months of completion, subject to any adjustment following finalisation and agreement of the net asset value of Macfarlane Labels at the completion date. For the year ended 31 December 2020, Macfarlane Labels generated profit before tax of £0.3 million and as at 31 December 2020 had gross assets of £15.1 million. Macfarlane Labels employs 109 employees who will remain in the business after the sale. The proceeds from the sale will be strategically invested in the continuing growth of Macfarlane's protective packaging businesses.
The Reflex Group Ltd completed the acquisition of Macfarlane Labels Limited from Macfarlane Group PLC (LSE:MACF) on December 31, 2021. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Bob McLellan was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Bob McLellan was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Bob McLellan was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Senior Independent Director Bob McLellan was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Sep 01
Independent Non-Executive Director Andrea Dunstan has left the company On the 1st of September, Andrea Dunstan's tenure as Independent Non-Executive Director ended after 3.0 years in the role. As of June 2021, Andrea still personally held only 10.00k shares (€13k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Aug 28
First half 2021 earnings released: EPS UK£0.038 (vs UK£0.018 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£133.5m (up 27% from 1H 2020). Net income: UK£6.04m (up 114% from 1H 2020). Profit margin: 4.5% (up from 2.7% in 1H 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • May 06
Upcoming dividend of UK£0.018 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 03 June 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.6%). Reported Earnings • Apr 05
Full year 2020 earnings released: EPS UK£0.064 (vs UK£0.061 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£230.0m (up 2.1% from FY 2019). Net income: UK£10.2m (up 5.9% from FY 2019). Profit margin: 4.4% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue. Executive Departure • Apr 03
Executive Director has left the company On the 31st of March, John Love's tenure as Executive Director ended after less than a year in the role. As of December 2020, John personally held 800.00k shares (€750k worth at the time). John is the only executive to leave the company over the last 12 months. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£230.0m (up 2.1% from FY 2019). Net income: UK£10.2m (up 4.5% from FY 2019). Profit margin: 4.4% (up from 4.3% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 1.6%, compared to a 5.8% growth forecast for the Packaging industry in Germany. Is New 90 Day High Low • Feb 26
New 90-day high: €1.07 The company is up 11% from its price of €0.96 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 9.0% over the same period. Announcement • Feb 25
Macfarlane Group PLC, Annual General Meeting, May 11, 2021 Macfarlane Group PLC, Annual General Meeting, May 11, 2021, at 12:00 GMT Standard Time. Announcement • Feb 16
Macfarlane Group PLC to Report Fiscal Year 2020 Results on Feb 25, 2021 Macfarlane Group PLC announced that they will report fiscal year 2020 results on Feb 25, 2021 Announcement • Dec 15
Macfarlane Group PLC Appoints James Macdonald as Company Secretary Macfarlane Group PLC announced the appointment of James Macdonald as company secretary effective from 1 January 2021. This will follow the resignation from the role of Company Secretary of Ivor Gray who, as announced on 19 November 2020, will take up the position of Group Finance Director from 1 January 2021. James, a chartered accountant, joined Macfarlane Group in October this year having previously worked for The Weir Group PLC and PwC. Is New 90 Day High Low • Nov 16
New 90-day high: €1.05 The company is up 2.0% from its price of €1.02 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 9.0% over the same period.