MPAC GROUP PLC (MPAC) — Investor Q&A

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to the MPAC GROUP PLC investor q and a session. Questions are encouraged. They can be submitted at any time via the q and a tab that's just 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 it receives during the meeting itself. However, the company can review all questions submitted today, and we'll publish those responses where it's appropriate to do so on the Investor Meet company platform. Before we begin, we would decide to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from MPAC GROUP PLC. Adam, good afternoon, sir. Thank you very much. So, good afternoon, everybody. I'm Adam Holland. I'm chief executive of the MPAC GROUP. Now you may already have seen that earlier today, we released an RNS, covering two topics. Firstly, a trading update, which, follows on from our full year results in '20 on the April 21. And and back in April, we flagged concern over, quarter one market conditions, particularly ongoing delays in customer decision making and growing pressure on margins, as we saw competitive pressures growing given the low, demand volumes that we were seeing at that point. Now those pressures have continued through April and May. And just to give you some sense of scale, in quarter one, we took about £36,000,000 worth of orders, original equipment and service. In just the two months of April and May, we've taken £38,000,000 worth of orders in quarter two to date. So we've learned an enormous amount in a very short space of time about how market conditions ...