Mpac Group plc Annual Report and Accounts 2022
Making a difference
We create packaging and automation ecosystems that enhance manufacturing to help businesses adapt and grow
482302 Financial statements Corporate governance Strategic report
Contents
01 Year at a glance
- Who we are and what we do
- Automation Ecosystems
- Chairman's introduction
- Strategy: Our mission, sectors and values
- Strategy: Business model
- Strategy: Goals and priorities
- Operating review
- Financial review
- Principal risks and uncertainties
- Section 172 statement
- 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
- Statement 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
Year at a glance
Further good progress on the Group's strategic initiatives
2022 order intake of £83.8m (2021: £117.9m)
Group full year revenue £97.7m (2021: £94.3m)
Underlying profit before tax of £3.5m (2021: £8.6m)
Statutory profit before tax of £0.2m (2021: £8.2m)
Underlying earnings per share of 13.3p (2021: 39.7p)
Basic loss per share of 2.2p (2021: earnings of 39.1p)
ORDER INTAKE | REVENUE | Revenue by sector | |||||||
£83.8m | £97.7m | Clean Energy | |||||||
Food and beverage | |||||||||
£45.7m | |||||||||
(2021: £117.9m) | (2021: £94.3m) | ||||||||
£11.1m | |||||||||
Healthcare | |||||||||
UNDERLYING EARNINGS PER SHARE | BASIC LOSS PER SHARE | £30.1m | |||||||
Other | |||||||||
13.3p | 2.2p | ||||||||
Revenue by region | |||||||||
£10.8m | |||||||||
(2021: 39.7p per share) | (2021: Earnings of 39.1p) | ||||||||
Americas | |||||||||
£52.8m | |||||||||
PROFIT BEFORE TAX | NET ASSETS | Asia | |||||||
£0.2m | £62.2m | £7.4m | |||||||
Europe, Middle | |||||||||
East & Africa | |||||||||
(2021: £8.2m) | (2021: £65.4m) | £37.5m | |||||||
Mpac Group plc
Annual Report & Accounts 2022
1
482302 Financial statements Corporate governance Strategic report
Mpac Group plc
Annual Report & Accounts 2022
Who we are and what we do
2
report
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, clean energy, 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 four 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 healthcare and clean energy sectors. Langen and Switchback provide secondary and tertiary packaging solutions for all sectors in which we operate.
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.
482302 Financial statements Corporate governance Strategic
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.
Food and beverage
With extensive experience in dealing with powders to liquids, cereals to confectionary, our packaging machinery covers a wide range of applications.
Clean energy
We are developing battery cell assembly processes based upon 24M technology to provide high speed at a lower unit cost to customers in the sector.
Automation ecosystems
Mpac Group plc
Annual Report & Accounts 2022
WHOLE LINE | WHOLE LIFE |
Using limitless ingenuity to align | Maintaining peak overall equipment |
global manufacturing | effectiveness for the lifespan of machines |
Global whole-line integration | Hands-on global experts providing local support |
Streamlining processes and identifying efficiencies | Maintaining peak OEE over machine lifespan |
Creating opportunities for new products | Transformational digital services |
WHOLE PLANET
Helping businesses grow globally while embracing sustainability
Next-generation manufacturing for the next generation
Building efficient machines to optimise businesses performance and in turn, reduce the impact on the environment
Reducing transportation footprints with remote service assistance and smaller carton sizes
3
WHOLE LINE, WHOLE LIFE, WHOLE PLANET
Mpac's offer to customers has been shaped by delivering against these three pillars. The result is Automation Ecosystems
ONE MPAC
All our products and services operating as 'One Mpac' to deliver Automation Ecosystems
02 Strategic report
Product line specialty
Focus on clean energy and healthcare sector device assembly and automation
Cutting-edge factory automation platforms and transformational technologies
Manufacturing site in EMEA, serving customers in EMEA, Americas and APAC
Exceptional customer service support
Product line specialty
Market leading secondary and end-of-line packaging solutions for food and beverage and healthcare sectors
Flexible engineered modular assemblies to support customers' requirements
Manufacturing sites in EMEA and Americas, serving customers in EMEA, Americas and APAC
Global Service support offering
Product line specialty
Secondary and end-of-line packaging solutions for food and beverage and healthcare sectors
Cartoners, Trayformers, Carton Closers, Case Erectors and Case Packers, and Labelling machines
Manufacturing site in Americas, serving customers in EMEA and Americas
Integrated Group Service supporting customers globally
23 statements Corporate governance
Assembly | Filling & | Primary | Product handling | Cartoning | Tray forming | Case packing | Palletising |
Dosing | packaging | and infeed |
MPAC CUBE
We've folded the many sides of our automation service and support together to form the 'Mpac Cube'
Propelling production goals through Connectivity, Productivity and Sustainability
48 Financial
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
MPAC Group plc published this content on 06 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 April 2023 17:33:07 UTC.