We create automation ecosystems that enhance manufacturing to help businesses adapt and grow
Annual Report and Accounts 2020
402102 Financial statements Corporate governance Strategic report
Contents
01 Year at a glance
02 Who we are. What we do
- Expanding customer objectives
- Chairman's introduction
- Strategy: Our mission sectors and values
- Strategy: Business model
- Strategy: Goals and priorities
- Strategy: Case study
- Strategy: Switchback acquisition
- Operating review
- Financial review
- Principal risks and uncertainties
- Chairman's corporate governance statement
- Board of Directors
- Corporate governance report
- Audit Committee report
- Remuneration and Nomination Committee report
- Annual Remuneration report
- Remuneration policy
- Directors' report
- Statement of Directors' responsibilities
- Independent Auditor's report
- Consolidated income statement
- Statements of comprehensive income
- Statements of changes in equity
- Statements of financial position
- Statements of cash flow
- Accounting policies
- Notes to the accounts
- Five-yearrecord
- Principal divisions and subsidiaries
- Notice of Annual General Meeting
- Corporate information
Mpac Group plc is an international company listed on the London Stock Exchange (symbol: MPAC), with a long and proud history of delivering innovation and excellence on a global basis. Our business is focused on the creation of manufacturing solutions that make and package the products millions of people worldwide depend on.
mpac-group.com
- Good progress on the Group's strategic initiatives
- 2020 HY2 revenue 27% above HY1 2020
- Group full year revenue £83.7m (2019: £88.8m)
- Underlying profit before tax of £6.3m (2019: £7.5m)
- Statutory profit before tax of £2.9m (2019: £5.4m)
- Underlying earnings per share of 31.4p (2019: 39.5p)
- Basic earnings per share of 16.3p (2019: 29.7p)
Revenue by sector
Food and beverage | ||
£34.8m | Order intake | |
Healthcare | ||
£83.9m | ||
Pharmaceutical | ||
£3.9m | ||
£45.0m | (2019: £87.6m) |
Revenue by region
Revenue
Americas£83.7m £46.7m
Asia
£5.7m | (2019: £88.8m) |
Europe, Middle East & Africa
£31.3m
Mpac Group plc
Annual Report & Accounts 2020
1
Year at a glance
31.4p | 02 Strategic report |
governance | |
Underlying earnings per share | |
Cash | 21 Corporate |
(2019: 39.5p per share) | |
£15.5m | 40 statementsFinancial |
(2019: £18.9m) | |
Mpac Group plc
Annual Report & Accounts 2020
2
Who we are What we do
Ingenuity without limits
02 Strategic report
Who we are
We support all brands and all locations with our global operations.
Mpac is a provider of full-line product manufacturing and packaging solutions. We serve customers globally in the essential and growing sectors of healthcare, pharmaceutical and food and beverage, with engineering and services that increase automation, safety, sustainability and cost effectiveness.
We are headquartered in the UK and have strategically located manufacturing and Service locations to provide our customers with local support and a global reach.
We are One Mpac, with three connected businesses that trade under the globally respected brand names and product ranges of Lambert, Langen and Switchback. Lambert specialises in full-line solutions for the pharmaceutical and healthcare sectors. Langen and Switchback provide secondary and tertiary packaging solutions for all sectors in which we operate.
What we do
Our philosophy is 'Ingenuity without limits'.
We provide packaging and automation solutions to fast-moving consumer goods customers, enabling their products to be packaged for distribution to their consumers ensuring security, quality, sustainability and shelf appeal.
We ensure manufacturing consistency through whole line integration; from product assembly to primary packaging, cartoning to case packing and palletisation - designed, delivered and supported globally, while protecting the wider ecosystem we all live in.
We don't just build machines however, we create full line automation ecosystems to develop and optimise manufacturing processes. Our end-to-end capabilities help our customers thrive in a changing world.
The group leverages its engineering expertise with cutting-edge manufacturing technologies and proven machine design and supports its customers with world class service support, delivered locally. We are
a global organisation and can provide support to customers in any region.
4021 Financial statements Corporate governance
Our sectors
Healthcare
We help achieve better patient outcomes through advanced products, processes and packaging formats. From contact lenses to wound care products, we've got it covered.
Pharmaceutical
We support your pharmaceutical advances cost effectively, from inhaler assembly to transdermal patches.
Food and beverage
With extensive experience in dealing with powders to liquids, cereals to confectionary, our packaging machinery covers a wide range of applications.
Whole Line
Using limitless ingenuity to align global manufacturing
- Global whole-line integration
- Streamlining processes and identifying efficiencies
- Creating opportunities for new products
Whole Life
Maintaining peak overall equipment effectiveness for the lifespan of machines
- Hands-onglobal experts providing local support
- Maintaining peak OEE over machine lifespan
- Transformational digital services
Whole Planet
Helping businesses grow globally while embracing sustainability
- Next-generationmanufacturing for the next generation
- Building efficient machines to optimise businesses performance and in turn, reduce the damaging effects on the environment
- Reducing transportation footprints with remote service assistance and smaller carton sizes
Mpac Group plc
Annual Report & Accounts 2020
3
Expanding customer objectives
"Our end-to-end manufacturing capabilities help leading food and beverage, healthcare and pharmaceutical businesses to meet their expanding objectives in a changing world. We design and monitor connected machinery
- automation ecosystems - that optimise our customers' manufacturing processes."
2102 Corporate governance Strategic report
40 Financial statements
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MPAC Group plc published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 17:51:02 UTC.