LONDON (dpa-AFX) - Consumer goods company McBride plc (MCB.L) Thursday, in an interim statement for the period from January 1 to May 8, said revenue at constant currency was 5 percent lower than the prior year. Private Label revenue grew by 1 percent, with Core and Future Growth categories growing by 3 percent, while contract manufacturing revenue declined by 29 percent as a consequence of the previously-announced wind-down of this segment, it added.
The firm further said the revenue, margin performance and competitive environment during the period since its trading update of March 21, have been in line with the board's expectations.
Looking forward, Chris Bull, Chief Executive said, 'Our market outlook remains challenging, with weak consumer demand in Western Continental Europe and ongoing branded promotional activity in UK. Despite this, our private label revenue has seen improving growth through the half driven by our programme of product launches and a continued strong performance in Central and Eastern Europe.'
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