McBride PLC
18 December 2006
18 December 2006
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 2006.
Trading in the first half of the financial year has been as expected. Total
group turnover is above last year with particularly encouraging growth in the
UK, Spain and Italy. In France we have made progress in targeted areas but sales
and profits are nonetheless weaker than last year. As expected, higher material
costs and efficiency savings mean group operating margin is similar to last year
Miles Roberts, Chief Executive, said: 'McBride's growth results directly from
both new product developments and acquisitions earlier in the calendar year.
Having reached the half way stage of the year, in a tough cost environment, both
current trading and the continued momentum in private label sales indicate that
the group remains on track to make satisfactory progress in the year.'
The Group intends to announce its Interim Results for the six months ending 31
December 2006 on 12 February 2007.
For further information please contact:
Miles Roberts, Chief Executive McBride plc 01494 607050
Bob Beveridge, Finance Director McBride plc 01494 607051
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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