MPAC GROUP PLC (MPAC) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the MPAC Group PLC Investor Presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged could be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question you received during the meeting itself. However, the company can review your questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Adam Holland, CEO. Good afternoon, sir. Hi, Charlie. Thank you very much. So over the next thirty or forty minutes or so, Duncan and I are going to tell you a little bit about MPAC. Duncan is going to talk you through the half one results. I'll give you an update on the progress we made on delivering our strategy in the first half of the year and then we'll finish with an outlook and a look ahead. Look, last eighteen months have been absolutely dominated by the impact of tariffs, geopolitical uncertainty, a slowdown in customer decision making and heightened margin pressure. You probably recall the work that we did last year to take costs out of our business. We delivered record gross margins last year and this year, those cost saving actions have contributed over £2,000,000 in reduction of administration costs in the first half of this year. Those actions and the decisions that we've taken in the market this year have led to half one performance with the order intake up 43% on the same period last year, order book up just under 6% on the same period last year, revenues broadly flat and underlying operating profits have fallen. However,...