The management has today reported that trading to date in the final quarter has been materially weaker than expected, partly due to an unfavourable sales mix and a number of deliveries delayed into the early part of 2017. However, order intake in the last three months grew by 80% over the same period last year, with the Packaging Machinery businesses in particular benefiting from a strong period of conversion of prospects. Consequently, the company is expected to enter 2017 with a significant

12 Dec 2016
Panmure Morning Note 12-12-2016

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Panmure Morning Note 12-12-2016
Mpac Group PLC (MPAC:LON) | 280 -2.8 (-0.4%) | Mkt Cap: 84.2m
- Published:
12 Dec 2016 -
Author:
Sanjay Jha -
Pages:
4 -
The management has today reported that trading to date in the final quarter has been materially weaker than expected, partly due to an unfavourable sales mix and a number of deliveries delayed into the early part of 2017. However, order intake in the last three months grew by 80% over the same period last year, with the Packaging Machinery businesses in particular benefiting from a strong period of conversion of prospects. Consequently, the company is expected to enter 2017 with a significant