Pre Close Trading Statement

RNS Number : 2593E

McBride PLC

17 December 2009

 



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

 

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