Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Private Label

McBride Forecasts ‘Modest Growth’ In H1 2020/21

Contract manufacturer McBride expects 'modest growth' in revenue in the first half of its financial year 2020/21, the company said in a trading update.

The early part of the financial year witnessed demand similar to those seen in the last four months of its fiscal year ended 30 June 2020, it said.

Strong demand for bleach, auto, dish and surface cleaning products was offset by lower demand for laundry products in the initial months of its new financial year.

Its aerosols and Asia divisions experienced strong revenue growth in the first four months of 2020/21, the company added.

Outlook

McBride has kept its full-year outlook unchanged and predicted a modest improvement in year‑on‑year profitability.

The company added that it remains cautious of future operational challenges resulting from COVID-19, the uncertainty arising from the Brexit process, and the impact of new lockdowns on consumer demands in its principal markets.

The group will announce interim results for the first half on 23 February 2021.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days