Macfarlane Group PLC (LSE:MACF) shares strengthened on Thursday, after it told investors that it expects its performance for the year to 31 December would be in line with market expectations.
In October, it previously guided that operating profit was anticipated to come in at around £19.1 million.
The protective packaging company today reported continued recovery at its Pitreavie operation, in Cumbernauld, Scotland, following an incident last month, in which a worker died after being seriously injured, and said it had committed £1.2 million to new equipment and expects to restore full operational capability by the end of the first quarter of 2026.
"We continue to take steps to support the well-being of our colleagues at Pitreavie. The management team remains focused on stabilising the Pitreavie business and implementing actions to improve the performance of the Distribution business," said Macfarlane chair Aleen Gulvanessian.