UK's Mpac Group slumps on profit warning

MPAC

Mon 08:50

** Shares of packaging and automation solutions firm Mpac Group MPAC.L up/down 18.1% at 215 p 
** Co expects FY 2026 underlying PBT to be substantially below current market expectations on a like-for-like basis
** "Macroeconomic trading conditions in H1 2026 have remained challenging, with continued delay to customer decision making and gross margins impacted by continued competitive pricing pressures and lower operational leverage" - MPAC
     ** Separately co agrees to sell its Lambert unit to Mech.i. Tronic for an initial £16 million ($21.5 million) in cash
** Net proceeds from the sale will be used to reduce group's net debt, co says
** YTD stock down ~29% 
     
     
     
($1 = 0.7506 pounds)
($1 = 0.7508 pounds)

(Reporting by Roshni Srivastava in Bengaluru)
((roshni.srivastava@thomsonreuters.com))