McBride revealed revenues rose 6.7% to £689.8m in the year to 30 June, with Danlind adding £48.4m for the nine months following acquisition.
Adjusted operating profit was £37.7m, lower by £4.3m after absorbing raw material and transport cost inflation.
- Household underlying revenues broadly flat across the year, but up 3.8% in H2; good growth in key laundry and auto-dishwash categories
- Operating profits of £31.8m (2017: £40.3m) after adjusting items of £5.9m, mostly exceptional costs of £4.5m from the reorganisation in Aerosols and Danlind acquisition costs, and amortisation of £1.4m
- Adjusted profits before tax from continuing operations of £33.2m, lower by £1.9m; reported profits before tax on continuing operations up £6.8m to £26.5m
- Adjusted, diluted EPS from continuing operations 4.5% lower at 12.7p (2017: 13.3p)
- Integration of Danlind progressing well
- Full year contract manufacturing revenues up 3.6%; group wide supply chain initiatives now underway
McBride said revenues in the first few months of the new financial year were satisfactory and whilst certain cost pressures persist, at this stage the board remains confident the group will achieve full year expectations.