Macfarlane delivered earnings growth of 20% in H117. We are confident the Group can maintain double digit earnings trends on the back of organic growth as industrial and internet retail clients outperform within this market and new business wins build revenues alongside M&A activity as the Group continues to consolidate share. The recent acquisition of Greenwoods was achieved at the lower end of recent acquisition multiples, leading to earnings enhancement of 8% in FY18. Our valuation ana
01 Nov 2017
Boxing clever!
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Macfarlane Group PLC (MACF:LON) | 144 0.7 0.3% | Mkt Cap: 229.4m
- Published:
01 Nov 2017 -
Author:
Ben Thefaut -
Pages:
22
Macfarlane delivered earnings growth of 20% in H117. We are confident the Group can maintain double digit earnings trends on the back of organic growth as industrial and internet retail clients outperform within this market and new business wins build revenues alongside M&A activity as the Group continues to consolidate share. The recent acquisition of Greenwoods was achieved at the lower end of recent acquisition multiples, leading to earnings enhancement of 8% in FY18. Our valuation ana