McBride PLC AGM Trading Update (2301N)
October 24 2016 - 2:00AM
UK Regulatory
TIDMMCB
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.
-Ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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