LONDON (dpa-AFX) - McBride plc (MCB.L) reported that, during the first-quarter, revenues were 6.7% lower at constant currency than the prior year. Household division sales were 5.1% lower, primarily as a result of the impact of the loss of a key contract at the end of the last financial year in Germany and weak underlying demand in France.
The Board is comfortable that the business remains on track to deliver its full year expectations. The Group expects its current year financial performance to be weighted towards the second half of the year as increases in revenues from Grow strategy begin to benefit the business.
The Group said it continues to focus on cost and efficiency initiatives to mitigate the impact of currency, raw material and other cost pressures.
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