As corporate broker to Macfarlane Group, Arden writes equity research about the company and maintains earnings forecasts.
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In our Covid Statement dated 30 March 2020, the Board commented that due to a lack of visibility on the timescale over which the reduced demand will be sustained. It is therefore not currently possible for the Company to provide meaningful guidance on trading for the financial year ending 31 December 2020. A further announcement will be made on the anticipated 2020 performance when the Board has more clarity.