McBride PLC - Manchester, England-based maker of private label products for domestic household and professional cleaning and hygiene markets - Expects adjusted operating profit for the financial year ending June 30 to be about 10% ahead of market expectations, which McBride places at £61.0 million. This would be well up from just £300,000 in financial 2023, which itself was much improved from a loss of £29.6 million in 2022. McBride says trading in March and April has been ahead of its expectations. In the first nine months of financial 2024, revenue is up 8.2% on a year before at constant current, thanks to both a 6.5% increase in overall volumes and price increases. McBride warns that while input costs for chemicals and package remain similar to where they were in February, there are ‘early signals’ of price rises for some materials heading into June. McBride will provide a full-year trading update on July 16.
Current stock price: 111.69 pence, up 0.6% in London on Tuesday afternoon
12-month change: up from 32.25p
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