Trading Statement

McBride PLC 26 June 2003 26 June 2003 Pre-close Trading Update McBride plc herewith provides an update to current trading prior to entering its Close Period. Mike Handley, Chief Executive said: 'In our interim results, announced on 15 February 2003, we advised that trading in the second half of the year was continuing the improvement seen in the first half. Since then, trading has strengthened further and trading profit, before goodwill amortisation and the joint venture, is expected to be in excess of £30m (2002 £26.1m) for the year ended 30 June 2003. This has resulted from improved margins throughout the Group and sales growth in Continental Europe Improved profitability combined with tight control of working capital and capital expenditure is likely to result in net debt at 30 June 2003 of no greater than £64m, (2002 £94.9m) despite the strengthening of the Euro against Sterling. We are also delighted that our UK operation was recently awarded the inaugural Gold Award by the Grocer magazine for its Best Own Label Supplier to the UK grocery trade.' The Preliminary Results Announcement for the year ending 30 June 2003 will be made on 11 September 2003. For further information please contact: Andrew Dowler 020 7831 3113 Financial Dynamics This information is provided by RNS The company news service from the London Stock Exchange


Mcbride (MCB)
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