McBride PLC
30 October 2007
30 October 2007
McBride plc
Interim Management Statement
McBride plc, Europe's leading provider of private label household and personal
care products, which holds its 2007 Annual General Meeting today, provides its
first Interim Management Statement for the period from 1 July to 29 October
2007, as required under the UK Listing Authority's Disclosure and Transparency
Rules.
Group revenues compared to the equivalent period last year have increased by 24%
reflecting a first time contribution from recent acquisitions and modest organic
growth. The organic growth is supported by continued progress in both category
management and new product development.
In terms of the geographic split of revenues, UK has increased by 13%, Western
Continental Europe has increased by 35% and Eastern Continental Europe has
increased by 29%.
The acquisitions in 2006/7 in Continental Europe and in the UK have been
integrated effectively and are performing in line with our expectations.
Consistent with previous comments, the outlook for raw material costs is for
further increases. We continue to focus on passing on a proportion of these
costs in addition to improving our cost base through ongoing operational
efficiencies and rationalisation, particularly with the newly acquired
businesses.
Overall, we expect to continue to make good progress and to explore further
opportunities to grow in our key product categories in the current financial
year.
For further information please contact :
Miles Roberts, McBride plc Chief Executive 01494 607050
Andrew Dowler, Financial Dynamics 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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