For the six months to 30 June 2021 Mpac Group reported a strong recovery in both orders, +69%YoY, and revenue, +20%YoY, as a result of which we have raised our FY21 revenue outlook from £95.0m to £97.5m (+16.4%YoY) and for FY22, from £100.0m to £105.0m. We have also raised our fair value / share estimate from 600p to 660p.
