Mcbride Regulatory News (MCB)

McBride plc

Trading update

McBride plc, the leading European manufacturer and supplier of Co-manufactured and Private Label products for the Household and Personal Care market, provides its trading update for the six months ended 31 December 2016.

The Group's first half year financial performance has been encouraging, with quality of earnings continuing to improve from further positive progress on margins and costs. As a result the Board remains comfortable that the business is on track to deliver its full year expectations for adjusted operating profit.

Underlying Group revenues were 4.5% lower on a constant currency basis when compared to the first half of the prior financial year, which includes a strong comparative from December 2015. Underlying revenues were broadly flat compared to the second half of the prior financial year. The impact of McBride's customer reduction project accounted for a further 2.5% of sales reduction, such that total Group revenues on a constant currency basis were 7.0% lower than the same period last year.

The Group will announce its interim results for the six months ended 31 December 2016 on 22 February 2017.

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Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.