AGM and Interim Management Statement

RNS Number : 3604Q
McBride PLC
14 October 2013

14th October 2013


McBride PLC


AGM & Interim Management Statement


McBride PLC, Europe's leading provider of Private Label Household and Personal Care products, which holds its 2013 Annual General Meeting today, provides its Interim Management Statement for the period from 1 July 2013 to 13 October 2013.


Group revenue has declined by 3% at constant currency as a consequence of the previously announced wind-down in selected contract manufacturing business that was expected to continue to impact the first half of 2013/14. 


Revenue growth in Central and Eastern Europe continued to demonstrate a strong performance.  Overall Group Private Label revenue grew by 1%, slightly less than expected due to a further period of branded promotional activity in UK. 


Although trading in UK continues to be challenging, the combination of our new product launch pipeline together with cost savings expected to be achieved in the current year leaves the Board's expectations for full year performance unchanged.


There have been no material events or changes in the financial position of the Group since 1 July 2013.



For further information please contact:

McBride plc

Chris Bull, Chief Executive

020 7822 3902

Richard Armitage, Group Finance Director

020 7822 3901

FTI Consulting

Ed Bridges, Nick Hasell

020 7831 3113



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Mcbride (MCB)
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