UK's Macfarlane falls on weak Q1 results
07/05/2024 08:53
** Shares of packaging products manufacturer Macfarlane
Group MACF.L down about 6% at 133.5p
** Co's Q1 sales and profits weak against same period in
2023, hurt by persisting dull consumer demand
** Q1 sales down 9.5% YOY
** Co keeps FY guidance unchanged
** Expects improved trading performance in the second half
of the year on expectations of sales recovery from existing
customers and cost controls
(Reporting by Yamini Kalia in Bengaluru)
((Yamini.Kalia@thomsonreuters.com;))