Business
Half Yearly Report
Half Yearly Report.
About this update from Mcbride Plc
[{"type":"text","content":"\n \nRNS Number : 9348P McBride PLC 24 February 2016 \n\n24 February 2016\n \nMcBride plc\n \nMcBride plc, the leading European manufacturer and supplier of Co-manufactured and Private Label products for the Household and Personal Care market, announces its Half-Year Report for the six months ended 31 December 2015.\n \nEarly progress with new strategy drives profit growth\n \nHeadlines\n \n\n\n\n\n£m unless otherwise stated\n\n\nH1 2015\n\n\nH1 2014 1\n\n\nChange\n\n\n\n\nRevenue\n\n\n344.1\n\n\n364.7\n\n\n(5.6%)\n\n\n\n\nRevenue (constant currency) 2\n\n\n344.1\n\n\n342.7\n\n\n0.4%\n\n\n\n\nAdjusted operating profit 3\n\n\n17.6\n\n\n12.5\n\n\n40.8%\n\n\n\n\nAdjusted operating profit (constant currency) 2\n\n\n17.6\n\n\n11.2\n\n\n57.1%\n\n\n\n\nAdjusted operating margin 3\n\n\n5.1%\n\n\n3.4%\n\n\n1.7ppts\n\n\n\n\nOperating profit\n\n\n17.1\n\n\n11.1\n\n\n54.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdjusted profit before income tax\n\n\n13.6\n\n\n8.7\n\n\n56.3%\n\n\n\n\nProfit before income tax\n\n\n13.0\n\n\n7.3\n\n\n78.1%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDiluted earnings per share\n\n\n4.9p\n\n\n2.8p\n\n\n75.0%\n\n\n\n\nAdjusted diluted earnings per share 4\n\n\n5.2p\n\n\n3.4p\n\n\n52.9%\n\n\n\n\nInterim payment to shareholders (per ordinary share) \n\n\n1.2p\n\n\n1.7p\n\n\n(29.4%)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCash flow from operations (before exceptional items) \n\n\n26.2\n\n\n30.7\n\n\n(14.7%)\n\n\n\n\nNet debt\n\n\n86.3\n\n\n92.4\n\n\n(6.6%)\n\n\n\n\nReturn on capital employed 5\n\n\n23.6%\n\n\n16.4%\n\n\n7.2ppts\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n· Revenue increased by 0.4% on a constant currency basis. On a reported basis, revenues were 5.6% lower due to the impact of a weaker Euro on translated results.\n· Group adjusted operating profit increased 57.1% on a constant currency basis (40.8% as reported).\n· New segmental analysis, splitting the Group's activities into two divisions, Household and Personal Care/Aerosols (\"PCA\"), with Household representing approximately 80% of the Group's revenue:\n· sales in Household were 0.9% higher overall with growth across most regions except in the UK, where an 8.2% fall was driven by lower privat...