McBride PLC
06 July 2007
6 July 2007
McBride plc
PRE CLOSE STATEMENT
McBride plc ('the Group'), Europe's leading provider of private label household
and personal care products, today provides an update on trading prior to
entering its close period.
Turnover for the 2006-7 financial year was approximately £589m (2006/7 £540m).
Earnings before interest tax and exceptional items will be marginally below the
average of market expectations, mainly due to a slightly weaker end to the
year's trading in the UK, but the Group anticpates that its profit after tax
will be within expectations.
Net debt at 30 June 2006 was approximately £81m. The Group has recently
completed an increase in its core bank borrowing facility from £100m to £150m.
Miles Roberts, Chief Executive, said 'this has been another busy year for
McBride. We have acquired and integrated five new businesses into the Group,
which greatly increases our exposure to the fast growing German and Italian
markets as well as enhancing our product mix. With an improving margin in
Continental Europe and the benefits of recent acquisitions yet to be fully
realised, McBride is well placed to further drive both the growth of private
label share across Europe and value for our shareholders.'
The Group intends to announce its preliminary results for the year ended 30 June
2007 on 6 September 2007.
For further information please contact:
McBride plc
Bob Beveridge, Group Finance Director 01494 607051
Miles Roberts, 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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