Business
Half Year Result
Half Year Result.
About this update from Mpac Group Plc
[{"type":"text","content":"\n \n \n \n 8 September 2022 \n \n \n \n AIM: MPAC\n \n \n \n \n \n \n \n This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018\n \n \n \n \n \n \n Mpac Group plc\n \n \n \n (\"Mpac\", \"the Company\" or \"the Group\")\n \n \n \n \n \n \n \n \n \n \n \n Mpac, the global packaging and automation solutions Group, today announces its unaudited financial results for the 6 months to 30 June 2022 (the \"Period\")\n \n \n \n \n \n \n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n · \n Order intake of £32.8m (2021: £51.7m) contributing to a closing order book of £62.6m (30 June 2021: £62.0m; 31 Dec 2021: £78.4m)\n \n \n \n \n \n · \n Group revenue of £50.6m up 14% (2021: £44.2m), with Original Equipment up 17% and Service revenue up 6%\n \n \n \n \n \n · \n Underlying* profit before tax of £1.1m (2021: £4.7m)\n \n \n \n \n \n · \n Underlying* earnings per share of 3.6p (2021: 18.3p)\n \n \n \n \n \n · \n Statutory loss before tax of £0.4m (2021: £2.8m profit)\n \n \n \n \n \n · \n Basic loss per share of (3.6)p (2021: earnings 10.6p)\n \n \n \n \n \n · \n Cash of £9.5m (30 June 2021: £11.2m; 31 Dec 2021: £14.5m)\n \n \n \n \n \n \n \n *Underlying results are stated before pension related charges of £0.4m (2021: £0.5m); amortisation of acquired intangible assets of £0.8m (2021: £0.9m); and other non-underlying items of £0.3m (2021: £0.5m).\n \n \n \n \n \n \n \n \n \n \n \n \n \n Operational and Strategic Highlights\n \n \n \n \n \n \n · \n Positive discussions with FREYR Battery (''FREYR'') towards agreeing a framework agreement for the exclusive supply of battery cell automation lines\n \n \n \n \n \n · \n Good acquisition of new customers in healthcar...