McBride plc - sustained private label momentum

McBride’s H126 trading update confirms that demand for private label cleaning products remains at high levels, with volume growth of 0.4% and total sales growth of 0.8%. Moreover, McBride continues to win new contracts leading to management’s confidence in achieving FY26E expectations of Adj. EBIT of c. £64m. High levels of private label penetration were sustained across Europe’s largest markets in McBride’s H126 and despite some pressure on average selling prices, profitability has been sustained through product engineering and excellent cost control and service. New contract wins across divisions underpin the positive outlook for H226 (and beyond) and management is confident in meeting consensus expectations for FY26E of c.£64m Adj. EB...