McBride’s H1 results revealed a mixed picture by geography. Household revenues were down 1.4% at constant currency and group revenues were down 4.4%. Adjusted operating profit was down c 30%, and there was a marked slowdown in the business during November and December. However, January saw an improvement. FY guidance has been maintained, implying a better H2 helped by easier comps and a relatively benign raw material outlook, although we note that distribution costs were higher during H
24 Feb 2020
McBride - Awaiting the new strategy
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
McBride - Awaiting the new strategy
McBride plc (MCB:LON) | 99.1 0 0.0% | Mkt Cap: 172.4m
- Published:
24 Feb 2020 -
Author:
Sara Welford -
Pages:
2
McBride’s H1 results revealed a mixed picture by geography. Household revenues were down 1.4% at constant currency and group revenues were down 4.4%. Adjusted operating profit was down c 30%, and there was a marked slowdown in the business during November and December. However, January saw an improvement. FY guidance has been maintained, implying a better H2 helped by easier comps and a relatively benign raw material outlook, although we note that distribution costs were higher during H