Last checked at 18 Dec 2008 07:00
18 December 2008
McBride Plc
Trading Statement
McBride Plc, Europe's leading provider of Private Label household and personal care products, today provides an update on trading for the six months ending 31 December 2008.
First half revenues will be ahead of last year and growth has been strongest in our three largest markets of France, UK and Italy where Private Label's share of total market continues to grow.
Continued increases in our raw material costs have been mitigated by ongoing improvements in our cost base and by sales growth. The restructuring programmes in the UK and Western Continental Europe divisions are progressing according to plan.
First half operating profit* and operating cash flow are in line with our expectations.
The Group will announce its interim results for the six months ending 31 December 2008 on 5 February 2009.
* denotes operating profit excluding exceptional items and amortisation of intangible assets.
For further information please contact:
McBride Plc
Miles Roberts, Chief Executive 020 75397852
Ian Johnson, Finance Director, 020 7539 7851
Financial Dynamics
Andrew Dowler 020 7831 3113