McBride PLC
7 December 2000
McBRIDE plc
AGM STATEMENT
At the Annual General Meeting of McBride plc the Chairman, Lord Sheppard, said
'You will have seen from the 2000 Report and Accounts that the difficult
market conditions of the second half of last year have continued in the first
quarter of the current year. Trading in October and November has maintained
this pattern. The major features continue to be competition from the branders
and retail price competitiveness combined with the impact of the weak Euro on
Continental European input prices and deflation of the sterling reported
results of our Continental European businesses. The performance of Wrafton in
the OTC pharmaceutical market and of Intersilesia in Eastern Europe remain
strong. Measures have been identified to increase sales, mitigate inflationary
input costs and reduce all other costs and these are being implemented. It is
difficult, however, to estimate when the impact of these measures will be
realised and to forecast the outcome for the year.
In our announcement on 26th September we said that we had received a number of
preliminary enquiries from interested parties concerning a possible offer for
the company. Some discussions are continuing and whilst there is no certainty
that any transaction will result, an announcement will be made as further
developments occur.'
- ENDS -
For further information please contact:
Mike Handley, Chief Executive
Terry Monks, Group Finance Director
McBride plc
01494 607050
Andrew Dowler
Fiona Meiklejohn
Financial Dynamics
020 7831 3113
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