11 July 2025 - trading update
The packaging machinery group has issued a disappointing trading update covering the first half of the year. Although revenue in the first half was in line with expectations, the second quarter has seen a slowing of new business in the US partly due to the introduction of tariffs by Donald Trump which has caused many of the group's customers to delay orders. The order book at 30 June is therefore around £90m compared with £118.5m at the start of the year. However, both of the 2024 acquisitions (BCA and CSi) are continuing to . . .
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