Business
Preliminary Results
Preliminary Results.
About this update from Mcbride Plc
[{"type":"text","content":"\n RNS Number : 4402Y McBride PLC 03 September 2009 \n \n3 September 2009\n\nMcBride plc\n\nMcBride plc, Europe's leading provider of Private Label Household and Personal Care products, announces its results for the year ended 30 June 2009\n\n'Return to organic sales growth, recovery in operating margins and return on capital employed, and an increase in the dividend'\n\n\n\nRevenue up 13% to £792.4 million (2008: £700.9m) reflecting 4% of organic growth and 9% from currency translation\n\n\n\n\n\nAdjusted operating profit* increased 34% to £36.2 million (2008: £27.0m). Reported operating profit improved 28% to £27.4 million (2008: £21.4m)\n\n\n\n\n\nAdjusted operating margin* improved from 3.9% to 4.6%\n\n\n\n\n\nProposed final dividend of 4.3 pence (2008: 3.9p). Total for the year up 7% to 6.0 pence (2008: 5.6p)\n\n\n\n\n\nStrong cash flow, with cash generated from operations, before exceptional items, up 25% to £61.8 million (2008: £49.4m)\n\n\n\n\n\nYear end net debt reduced £20.9 million to £82.4 million (2008: £103.3m)\n\n\n\n\n\nReturn on capital employed* improved to 17.1% (2008: 12.8%) reflecting both a higher profit margin and asset turnover\n\n\n\n\n\nAdjusted diluted earnings per share* was up 49% to 12.8 pence (2008: 8.6p). Reported diluted earnings was up 44% to 9.1 pence (2008: 6.3p)\n\n\n\n* Adjusted operating profit, adjusted operating margin, adjusted diluted earnings per share and return on capital employed are calculated before amortisation of intangible assets and exceptional items\n\n\nMiles Roberts, Chief Executive, said:\n\n'McBride has delivered growth in sales and profits in the past year and Private Label has grown share in all our markets. Our Western Continental Europe business has performed particularly well with good growth in France and Italy.\n\nWe have made a good start to the new financial year, continuing the trend in the second half of last year. Our markets remain highly competitive but McBride's Private Label products continue to be relevant not only in the current environment but also in the longer term. We have strengthened the business further in the last twelve months and expect to consolidate these improvements in the coming year.'\n\n\nFor further information please contact:\n\n\n\n\n\nMcBride plc\n\n\n020 7539 7850\n\n\n\n\nMiles Roberts, Chief Executive\n\n\n\n\...