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29 Apr 2010 07:00
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McBride plc
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29 April 2010
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Interim Management Statement
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McBride plc, Europe's leading provider of Private Label household and personal care products, provides its Interim Management Statement for the period from 1 January 2010 to 28 April 2010.
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Overall Group trading has been in line with expectations.
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Group revenues in the four month period have increased by 2% against the comparable period last year both on a reported and constant currency basis. Growth has continued to be strong in personal care and in the Polish household market. UK sales, whilst ahead of the prior year, have continued to experience strong branded promotional activity.
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The Group has continued to focus strongly on customer service, product development and operational efficiencies, and accordingly the operating margin in the period has been maintained at a similar level to the first half.
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Cash generation has continued to be strong, reflecting a tight management of working capital and capital expenditure.
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The Italian business restructuring project, announced in February, is progressing in line with plan.
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For further information please contact
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McBride plc |
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Miles Roberts, Chief Executive |
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Richard Armitage, Group Finance Director |
Β 020 7539 7850 |
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Financial Dynamics |
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Andrew Dowler |
020 7831 3113 |
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