Macfarlane Group, the Glasgow-headquartered protective packaging provider, has reported a strong full-year performance and flagged further progress in 2022 despite inflationary pressures.

Sales from continuing operations grew by 26 per cent year on year to £264.5 million while pre-tax profits jumped 50 per cent to almost £18.7m.

Bosses said the business had benefited from an “ongoing structural shift to e-commerce retail”, the recovery in certain industrial sectors which had been affected by the pandemic in 2020 and the recent acquisitions of GWP and Carters Packaging.

Glasgow packaging group Macfarlane poised for further growth despite inflation woes after profits leap