Trading Update

RNS Number : 3159S

McBride PLC

07 July 2015

 

7 July 2015

McBride plc

Trading update

McBride plc, Europe's leading provider of Private Label Household and Personal Care products, today provides a trading update for the year ended 30 June 2015.  

The Board expects that adjusted operating profit for the full year will be in line with expectations.

Group revenues for the year ended 30 June 2015 were 0.3% higher on a constant currency basis than the prior year.  The Group's performance benefited from continued strong growth in Germany, offset by lower revenues in other key continental European markets and the UK.     

The UK business restructuring project continues to make good progress and remains on track to deliver targeted savings of £12m by 30 June 2016.  Savings for the year ended 30 June 2015 will be approximately £5m.  

McBride will issue preliminary results for the year ended 30 June 2015 on 8 September 2015, at which time the Group will outline its future strategic priorities and direction.

For further information please contact:

McBride plc
Rik De Vos, Chief Executive Officer	0161 203 7570
Chris Smith, Chief Financial Officer	0161 203 7570
FTI Consulting	020 3727 1017
Ed Bridges, Nick Hasell

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