Interim Management Statement

RNS Number : 9749K

McBride PLC

29 April 2010

 



 

McBride plc

 

29 April 2010

Interim Management Statement

McBride plc, Europe's leading provider of Private Label household and personal care products, provides its Interim Management Statement for the period from 1 January 2010 to 28 April 2010.

Overall Group trading has been in line with expectations.

Group revenues in the four month period have increased by 2% against the comparable period last year both on a reported and constant currency basis.  Growth has continued to be strong in personal care and in the Polish household market.  UK sales, whilst ahead of the prior year, have continued to experience strong branded promotional activity. 

The Group has continued to focus strongly on customer service, product development and operational efficiencies, and accordingly the operating margin in the period has been maintained at a similar level to the first half.

Cash generation has continued to be strong, reflecting a tight management of working capital and capital expenditure.

The Italian business restructuring project, announced in February, is progressing in line with plan.

For further information please contact

McBride plc
Miles Roberts, Chief Executive
Richard Armitage, Group Finance Director	020 7539 7850

Financial Dynamics
Andrew Dowler	020 7831 3113

 

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