Full year results from McBride this morning illustrate a successive year of sustained recovery following a strong turnaround in the prior year, with adj. PBT 12% ahead of Zeus forecasts at £54.9m, improving 2.7% on FY24. Revenue increased 0.7% to £927m in the year (constant currency basis), marginally below our forecast, reflecting healthy volume growth of 4.3%. While average pricing was lower as MCB responded to customer demand for value-led propositions, encouragingly, margins remained robust, ....
