Mpac Group PLC (LON:MPAC) announced that full‑year 2026 underlying profit before tax is expected to fall substantially below current market expectations on a like‑for‑like basis.
The company attributed the outlook to challenging macro‑economic trading conditions in the first half of 2026, continued delays in customer decision‑making, ongoing competitive pricing pressure and lower operational leverage, which together pressured gross margins.
Separately, Mpac agreed to sell its Lambert unit to Mech.i. Tronic for an initial cash consideration of £16 million (approximately $21.5 million). The net proceeds from this transaction will be used to reduce the group’s net debt.
Shares reacted immediately, dropping 18.1% to 215 pence on the day of the announcement.
