AGM Trading Update

RNS Number : 2301N
McBride PLC
24 October 2016

24 October 2016


McBride plc


AGM Trading Update


McBride plc, the leading European manufacturer and supplier of Co-manufactured and Private Label products for the Household and Personal Care market which today holds its 2016 Annual General Meeting, provides the following trading update for the period from 1 July 2016 to 30 September 2016.


The Group's first quarter financial performance has been an encouraging start to our new year.  Whilst Group revenues fell at constant currency and were 2.9% lower than last year (net of the impact from the customer reduction project), our margins and costs have continued the positive progress seen since the launch of our new strategy.


At this early stage of the year the Board is comfortable that the business remains on track to deliver its full year expectations, taking into consideration the many uncertain macro-economic factors ahead of us.


There have been no material events or changes in the financial position of the Group since 1 July 2016.


Rik De Vos, Chief Executive said;


"The first quarter has been an encouraging one for McBride, with the impact of many of the actions from Repair evident in our financial performance.  We are actively working on Prepare initiatives as we look to establish the key platforms that will support our growth ambitions."



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


Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation which came into effect on 3 July 2016.





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Mcbride (MCB)
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