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McBride PLC  -  MCB   

Trading Update

Released 07:00 21-Mar-2013

RNS Number : 5022A
McBride PLC
21 March 2013

21st March 2013


McBride PLC


Trading Update


McBride PLC, Europe's leading provider of Private Label Household and Personal Care products, provides a trading update for the period from 1st January to 20th March 2013.


Group revenue at constant currency for the period is 6% lower than the prior year.  Our previously announced product launches are being executed broadly in line with plan, but underlying sales volumes have been affected by weaker consumer demand in Western Europe, combined with a very recent, unusually strong and prolonged period of branded promotional activity.  Accordingly, Group revenue for the full year is now expected to be around 3% lower than expectations, reflecting some continuation of weaker consumer demand into our fourth quarter, and therefore adjusted operating profit will also be lower.


Looking forward, the Board believes that McBride's strategy will lead to growth in Private Label revenue during our fourth quarter, as a consequence of our product launch plan, and despite the weak market conditions.  In addition, decisive action is being taken to accelerate existing cost reduction plans.




For further information please contact:


McBride plc

Chris Bull, Chief Executive

020 7539 7852

Richard Armitage, Group Finance Director

020 7539 7851

FTI Consulting

Ed Bridges, Nick Hasell

020 7831 3113


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Trading Update - RNS