McBride PLC
06 July 2004
6th July 2004
McBride plc
Pre-close statement for year ended 30 June 2004
McBride plc, Europe's leading supplier of household and personal care retailer
brand products, herewith provides an update on current trading prior to entering
its closed period.
Overall sales growth, combined with further operational initiatives, continue to
produce a satisfactory improvement in profitability, in line with expectations.
The closure of the factory in Breda, The Netherlands, announced on 23 April 2004
is progressing smoothly and according to plan.
Cash generation remains strong and net debt at the end of June was approximately
£33m, well down on the £61.1m reported for the end of last year.
In view of the continued improvement in profitability and cash generation, the
Board anticipates recommending a final dividend of 2.8p per share, materially
ahead of consensus forecasts of 2.4p. This would represent an increase of 38
per cent in the full year's dividend at 4.0 p per share.
The Preliminary Results Announcement for the year ending 30th June 2004 will be
made on September 9th 2004.
For further information: Mike Handley, Chief Executive
Miles Roberts, Finance Director
McBride plc
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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