Interim Management Statement

RNS Number : 9414D
McBride PLC
03 April 2014

3rd April 2014


McBride PLC


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 1stJanuary to 2nd April 2014.


Group revenue at constant currency was 4% lower than prior year.  Private Label revenue declined by 2% due to the extraordinarily weak retail environment affecting our customers in UK and Italy, combined with branded promotional activity that has been more extensive than last year.  Our France/Benelux, Germany and Poland businesses have continued their growth trend with Private Label revenue growth of 1%, 12% and 6% respectively.


We expect an improvement in performance in our fourth quarter as a consequence of planned project launches, but for the effect to be mitigated somewhat by weak demand in the UK and Italian retail sectors. Given the unpredictability of these markets and the ongoing difficult trading conditions being encountered by our retail customers, the Board believes that it is unlikely that the Company will meet market expectations for the year ending June 2014.


As a result of the continuing weakness in sales to our UK customers over the last twelve months, the group has been carrying out a wide ranging strategic review of our UK operations, which is likely to lead to a significant restructuring of our activities, including capacity reduction. We expect to be able to announce details in our next trading statement.





For further information please contact:

McBride plc

Chris Bull, Chief Executive

020 3642 1587

Richard Armitage, Group Finance Director

020 3642 1587

FTI Consulting

Ed Bridges, Nick Hasell

020 3727 1017


This information is provided by RNS
The company news service from the London Stock Exchange


Mcbride (MCB)
UK 100

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