McBride PLC
25 July 2002
Pre-close trading update
McBride plc (the 'Group') today reports on trading for the financial year ended
30 June 2002, prior to its Preliminary Announcement in September.
As indicated in the 7 June 2002 statement relating to the restructuring of its
aerosol products joint venture, the Directors are pleased to report that the
trading performance of the Group for the financial year ended 30 June 2002 is in
line with market expectations. This has been aided by continued sales growth in
Continental Europe and tight cost control throughout the Group. Cash generation
has been strong and Group turnover is expected to be in excess of £480m (2001:
£471.3m on a like for like basis). Group operating profit margin, before
goodwill amortisation, is expected to be in excess of 5.2% (2001: 4.4% on a like
for like basis).
- End -
For further information:
Fiona Meiklejohn or Andrew Dowler
Financial Dynamics
020 7831 3113
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