Business
Trading Statement - amended
Trading Statement - amended.
About this update from Mcbride Plc
[{"type":"text","content":"\n McBride PLC\n06 July 2007\n\n\nRelease replaces Trading Statement released at 0700, 06/07/07. Date has been\namended in the third paragraph.\n\n\n6 July 2007\n\n\n McBride plc\n\n PRE CLOSE STATEMENT\n\n\nMcBride plc ('the Group'), Europe's leading provider of private label household\nand personal care products, today provides an update on trading prior to\nentering its close period.\n\nTurnover for the 2006-7 financial year was approximately £589m (2006/7 £540m).\nEarnings before interest tax and exceptional items will be marginally below the\naverage of market expectations, mainly due to a slightly weaker end to the \nyear's trading in the UK, but the Group anticpates that its profit after tax\nwill be within expectations.\n\n\nNet debt at 30 June 2007 was approximately £81m. The Group has recently\ncompleted an increase in its core bank borrowing facility from £100m to £150m.\n\n\nMiles Roberts, Chief Executive, said 'this has been another busy year for\nMcBride. We have acquired and integrated five new businesses into the Group,\nwhich greatly increases our exposure to the fast growing German and Italian\nmarkets as well as enhancing our product mix. With an improving margin in\nContinental Europe and the benefits of recent acquisitions yet to be fully\nrealised, McBride is well placed to further drive both the growth of private\nlabel share across Europe and value for our shareholders.'\n\n\nThe Group intends to announce its preliminary results for the year ended 30 June\n2007 on 6 September 2007.\n\n\nFor further information please contact:\n\n\nMcBride plc\n\nBob Beveridge, Group Finance Director 01494 607051\n\nMiles Roberts, Chief Executive 01494 607050\n\nAndrew Dowler, Financial Dynamics 020 7831 3113\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]