AGM and Interim Management Statement

RNS Number : 3604Q

McBride PLC

14 October 2013

 



14^th October 2013

McBride PLC

AGM & Interim Management Statement

McBride PLC, Europe's leading provider of Private Label Household and Personal Care products, which holds its 2013 Annual General Meeting today, provides its Interim Management Statement for the period from 1 July 2013 to 13 October 2013.

Group revenue has declined by 3% at constant currency as a consequence of the previously announced wind-down in selected contract manufacturing business that was expected to continue to impact the first half of 2013/14. 

Revenue growth in Central and Eastern Europe continued to demonstrate a strong performance.  Overall Group Private Label revenue grew by 1%, slightly less than expected due to a further period of branded promotional activity in UK. 

Although trading in UK continues to be challenging, the combination of our new product launch pipeline together with cost savings expected to be achieved in the current year leaves the Board's expectations for full year performance unchanged.

There have been no material events or changes in the financial position of the Group since 1 July 2013.

For further information please contact:
McBride plc
Chris Bull, Chief Executive	020 7822 3902
Richard Armitage, Group Finance Director	020 7822 3901
FTI Consulting
Ed Bridges, Nick Hasell	020 7831 3113

 

END

 

 

IMSFMMMGKMVGFZM