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McBride PLC (MCB.L)

MCB.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

McBride Says Rik De Vos Steps Down As CEO
Thursday, 2 May 2019 

May 2 (Reuters) - McBride PLC ::DIRECTORATE CHANGE AND TRADING UPDATE.RIK DE VOS, CEO, HAS INFORMED BOARD OF HIS DECISION TO LEAVE COMPANY.FOLLOWING WEAK Q3 TRADING PERIOD, NOW ANTICIPATES THAT FY EARNINGS WILL BE MODESTLY LOWER THAN CURRENT MARKET EXPECTATIONS.SEES FY EARNINGS MODESTLY LOWER THAN CURRENT MARKET VIEW, PRIMARILY DUE TO WEAKER THAN EXPECTED SALES ACTIVITY IN GERMANY, FRANCE, ITALY.  Full Article

McBride HY Oper. Profit 15.6 Mln STG Vs 15.9 Mln STG
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - McBride PLC ::HY REVENUES AT CONSTANT CURRENCY 10.8% HIGHER AT £369.2M.ADJUSTED OPERATING PROFIT(3) OF £16.8M IN LINE WITH PRIOR HALF YEAR.HY OPERATING PROFIT OF £15.6M (2017: £15.9M) AFTER ADJUSTING ITEMS OF £1.2M.. NET DEBT AT £98.0M (30 JUNE 2018: £114.3M), DEBT RATIO 1.8X (2017: 2.3X).INTERIM PAYMENT TO SHAREHOLDERS HELD AT 1.5P (2017: 1.5P).AS ANNOUNCED ON 20 FEBRUARY, GROUP CONTINUES TO SEE PRESSURE ON ITS COST BASE.CONTINUE TO EXPECT OVERALL RAW MATERIAL PRICING OUTLOOK TO SHOW IMPROVEMENTS IN SECOND HALF.DISTRIBUTION COSTS CONTINUE TO RISE BEYOND OUR PREVIOUS ESTIMATES DUE TO MARKET RATES AND EFFICIENCY CHALLENGES.CONCERNED BY LACK OF PROGRESS TOWARDS CLARITY ON VARIOUS IMPLICATIONS FOR OUR BUSINESS ACTIVITIES WHICH MAY ARISE FROM BREXIT.RISK FROM NO DEAL BREXIT: POTENTIAL ADDITIONAL COSTS ON IMPORTED RAW MATERIALS AND FINISHED GOODS.RISK FROM NO DEAL BREXIT: DELAYS AT PORTS FROM BORDER CONTROL PROCESSES AND CROSS BORDER TRANSPORT AVAILABILITY.RISK FROM NO DEAL BREXIT: CONCERNS REGARDING UNCERTAIN AND VARYING REGULATORY REQUIREMENTS BETWEEN UK AND EU.POTENTIAL RISKS NO DEAL BREXIT: IMPACT ON EMPLOYEE RIGHTS AND PRACTICAL IMPLICATIONS OF TRAVEL GOING FORWARD.FOR MOST PRODUCT RANGES MCBRIDE PRODUCES IN UK FOR UK CUSTOMERS AND THERE IS A VERY MINIMAL LEVEL OF EXPORTS FROM UK FACTORIES.POTENTIAL RISKS NO DEAL BREXIT: IMPACT OF ADVERSE MOVEMENTS IN FX, INTEREST RATES, INFLATIONARY COSTS.  Full Article

McBride Sees FY Adj. Pretax Profit To Fall About 10-15 Pct
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - McBride PLC ::GROUP ACHIEVED GOOD SALES GROWTH IN FIRST HALF PERIOD.GROUP CONTINUES TO SEE PRESSURE ON ITS COST BASE.BOARD NOW EXPECTS FULL YEAR ADJUSTED PROFITS BEFORE TAX TO BE APPROXIMATELY 10% TO 15% LOWER THAN PRIOR FINANCIAL YEAR.  Full Article

Mcbride H1 Constant Currency Continuing Revenue Up 10.8 Pct
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - McBride PLC ::MCBRIDE PLC - GROUP'S FIRST HALF CONTINUING REVENUES AT CONSTANT CURRENCY WERE 10.8% HIGHER THAN PRIOR YEAR.MCBRIDE PLC - EXPECTS FULL YEAR EARNINGS TO BE IN LINE WITH EXPECTATIONS, WITH FULL YEAR PROFIT DELIVERY WEIGHTED TO SECOND HALF.  Full Article

Mcbride Says FY Rev Forecast Unchanged
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - McBride PLC ::GROUP'S Q1 CONTINUING REVENUES AT CONSTANT CURRENCY WERE 15.4% HIGHER THAN PRIOR YEAR.EXCLUDING BENEFIT OF Q1 REVENUES FROM DANLIND, CONTINUING UNDERLYING REVENUES WERE 5.5% HIGHER.EXPECTATIONS FOR FULL YEAR REVENUES ARE UNCHANGED.EXPECTS FULL YEAR EARNINGS TO BE IN LINE WITH EXPECTATIONS.SALE OF EUROPEAN PERSONAL CARE (PC) LIQUIDS BUSINESS REMAINS ON TRACK.SALE OF EUROPEAN PERSONAL CARE (PC) LIQUIDS BUSINESS EXPECTED IN FINAL QUARTER OF 2018.IN Q1 RAW MATERIAL, PACKAGING COSTS TOGETHER WITH LOGISTICS COSTS, ESPECIALLY IN NORTHERN EUROPE, HAVE BEEN SLIGHTLY HIGHER THAN ANTICIPATED.THERE IS INCREASED VOLATILITY AND UNCERTAINTY AROUND FUTURE RAW MATERIAL AND PACKAGING COST LEVELS.  Full Article

McBride warns on profit after weak trading in May
Tuesday, 3 Jul 2018 

July 3 (Reuters) - McBride PLC ::FOLLOWING WEAKER THAN EXPECTED SALES LEVELS IN MAY AND JUNE 2018, GROUP NOW EXPECTS FULL YEAR ADJUSTED PROFIT BEFORE TAX TO BE MARGINALLY BELOW LOWER END OF ANALYST EXPECTATIONS.SECOND HALF REVENUES FOR HOUSEHOLD SEGMENT ON A LIKE FOR LIKE BASIS ARE SHOWING GROWTH OF 3.8%.TOTAL HOUSEHOLD REVENUES IN SECOND HALF, INCLUDING DANLIND, ARE EXPECTED TO BE 15.8% HIGHER THAN SAME PERIOD OF LAST FINANCIAL YEAR.SAW WEAKER THAN EXPECTED SALES LEVELS IN CERTAIN MARKETS IN MAY, AND WHILST JUNE SAW AN IMPROVEMENT, PERFORMANCE ACROSS TWO MONTHS MEANS THAT ADJUSTED PROFIT BEFORE TAX WILL BE MARGINALLY BELOW LOWER END OF ANALYST EXPECTATIONS.  Full Article

McBride Says Divests European Personal Care Liquids
Tuesday, 3 Jul 2018 

July 3 (Reuters) - McBride PLC ::SALE OF EUROPEAN PERSONAL CARE LIQUIDS.AGREED TO SELL ITS EUROPEAN PERSONAL CARE LIQUIDS BUSINESS TO ROYAL SANDERS GROUP FOR A CASH CONSIDERATION OF £12.5M.PROCEEDS OF SALE WILL BE USED TO PAY DOWN GROUP NET DEBT AND SETTLE TRANSACTION COSTS.  Full Article

Mcbride says business remains on track to deliver FY expectations​
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - MCBRIDE PLC ::BUSINESS REMAINS ON TRACK TO DELIVER ITS FULL YEAR EXPECTATIONS.​.  Full Article

PRESS DIGEST- British Business - May 3

May 3 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.