Proactiveinvestors Australia McBride PLC Proactiveinvestors Australia McBride PLC RSS feed en Sat, 15 Aug 2020 06:51:18 +1000 Genera CMS (Proactiveinvestors) (Proactiveinvestors) McBride profits to top expectations again but demand returns to pre-pandemic levels Tue, 14 Jul 2020 07:32:00 +1000 McBride expects profit boost as demand for cleaning products remains high Tue, 19 May 2020 08:29:00 +1000 McBride trading stabilises as new chief assesses its operations Thu, 20 Feb 2020 10:04:00 +1100 McBride warns on profits as new boss gives business an M.O.T. Tue, 14 Jan 2020 08:45:00 +1100 McBride slides as it predicts earnings will be second-half weighted Tue, 22 Oct 2019 09:14:00 +1100 McBride punished after poor finish to second half; new year hardly off to a flier either Thu, 11 Jul 2019 09:15:00 +1000 McBride plunges as boss steps down after latest profit warning Thu, 02 May 2019 08:56:00 +1000 Peel Hunt puts McBride on 'hold' after profit warning Wed, 20 Feb 2019 14:00:00 +1100 McBride shares drop on profit warning Wed, 20 Feb 2019 08:57:00 +1100 McBride first quarter sales growth offsets growing costs Tue, 23 Oct 2018 07:10:00 +1100 McBride profits drop but revenues lifted by Danlind acquisition Thu, 06 Sep 2018 08:08:00 +1000 McBride issues profit warning, sells European personal care liquids business Tue, 03 Jul 2018 07:50:00 +1000 McBride wiped out as it warns on full-year sales and profits Mon, 08 Jan 2018 09:47:00 +1100 McBride shares slump as consumer products firm says revenues lower than in previous year Tue, 11 Jul 2017 13:00:00 +1000 McBride to save around £2mln a year after refinancing Tue, 27 Jun 2017 07:59:00 +1000 Revenue and margin growth on the horizon for McBride Fri, 02 Dec 2016 08:32:00 +1100 McBride to meet targets as Germany stays solid Mon, 05 Jan 2015 15:25:00 +1100 McBride says trading ahead of management expectations Mon, 26 Oct 2009 07:16:00 +1100 McBride Returns to Organic Sales Growth and Increases Dividend Thu, 03 Sep 2009 09:02:00 +1000 McBride lifted by positive year-end trading update Wed, 24 Jun 2009 09:40:00 +1000 McBride sees "unprecented" input costs
Financial highlights included revenues up 23% to £342.9 million and adjusted operating profit down £0.4 million to £16 million. Adjusted basic earnings per share also fell to 5.6 pence (2006: 6.3p), and debt levels rose by £21.7 million to £102.6 million. The interim dividend was maintained at 1.7 pence. McBride's said that a number of acquisitions during the year accounted for rise in debt, and also a proportion of the increased revenues.

Miles Roberts, Chief Executive, commented:

"We have experienced, mainly in the second quarter of the first half, unprecedented increases in our raw material costs. These cost increases have been partially mitigated by continuing improvements in operational efficiencies, purchasing and value engineering. Additionally, we have been discussing price increases with our customers and, to date, a significant proportion of these cost increases have been recovered. The inevitable time lag between cost and selling price increases has impacted margins. Trading since the end of December has been in line with our expectations. The Board recognises that the Company still needs to fully mitigate its cost pressures and the measures it has taken to secure the necessary cost recoveries are well in hand".

Thu, 07 Feb 2008 07:49:00 +1100
Raw material inflation hits McBride
In a trading statement ahead of full year results, the Company warned that organic growth within the group would be flat with last year, and operating margins were being squeezed. “Unprecedented” increases in the cost of raw materials had a significant impact on Q2, forcing negotiations to try and pass on cost increases to its customers.

Shares in McBride hit a 4 year low, dropping 19.5% to 98.5 pence.
Thu, 20 Dec 2007 08:31:00 +1100