Pre Close Trading Statement

McBride PLC 23 June 2005 23 June 2005 McBride plc PRE CLOSE STATEMENT McBride plc ('the Group'), Europe's leading supplier of household and personal care retailer brand products, is pleased to provide an update on trading prior to entering its Close Period relating to the twelve months ending 30 June 2005. As foreshadowed in the interim announcement in February, the trading environment remains very competitive. The Group anticipates that the operating profit before goodwill amortisation and exceptional items will be in the region of £35m for the full year to 30th June 2005. This profit has been held at the same level as last year. The Group continues to focus on growing profitable sales in addition to improving operational efficiency and asset utilisation. A number of initiatives are planned that will further improve the Group's cost base. These initiatives include the closure of a factory following transfer of its production to another group facilty. The Board anticipates that these initiatives will result in an exceptional charge of approximately £3m. Underlying cash generation from trading remained strong during the year with net debt forecast to be in the region of £25m at the year end after the net cost of share repurchases of £6m . The Preliminary Results for the twelve months ending 30 June 2005 will be announced in September 2005. For further information: Mike Handley, Chief Executive, McBride plc, +44(0)1494 607050 Miles Roberts, Finance Director McBride plc, +44(0)1494 607050 Andrew Dowler, Financial Dynamics, +44(0)20 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange

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Mcbride (MCB)
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