Last checked at 17 Dec 2009 07:00
17 December 2009
McBride Plc
Pre Close Trading Statement
McBride Plc, Europe's leading supplier of Private Label household and personal care products, today provides an update on trading for the six months ending 31 December 2009.
First half revenues are expected to be ahead of last year driven by continuing growth in the France and Italy household markets, and in personal care, as well as a favourable currency translation impact.
The Group has continued to focus on operating costs and moving the mix to higher value business. We therefore expect operating profit in the first half to exceed expectations.
Operational cash flows have been strong throughout the first half, in line with our expectations.
Whilst overall market conditions are challenging, consumers continue to seek the great value that private label can offer. We are ideally placed to benefit from this trend.
The Group will announce its interim results for the six months ending 31 December 2009 on 4 February 2010.
For further information please contact:
McBride Plc
Miles Roberts, Chief Executive 020 7539 7852
Richard Armitage, Finance Director 020 7539 7851
Financial Dynamics
Andrew Dowler 020 7831 3113