Trading Statement

RNS Number : 3538K

McBride PLC

18 December 2008

 



18 December 2008

McBride Plc

Trading Statement

McBride Plc, Europe's leading provider of Private Label household and personal care products, today provides an update on trading for the six months ending 31 December 2008.

First half revenues will be ahead of last year and growth has been strongest in our three largest markets of France, UK and Italy where Private Label's share of total market continues to grow. 

Continued increases in our raw material costs have been mitigated by ongoing improvements in our cost base and by sales growth. The restructuring programmes in the UK and Western Continental Europe divisions are progressing according to plan.

First half operating profit* and operating cash flow are in line with our expectations. 

The Group will announce its interim results for the six months ending 31 December 2008 on 5 February 2009.

* denotes operating profit excluding exceptional items and amortisation of intangible assets.

For further information please contact:

McBride Plc

Miles Roberts, Chief Executive    020 75397852

Ian Johnson, Finance Director,     020 7539 7851

Financial Dynamics

Andrew Dowler            020 7831 3113

 

END

 

 

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