Despite pressures in the UK market, a strong continental European performance has helped McBride to a sales increase of 3% compared with last year.
The supplier of more than 20 million own label household and personal care products to Europe’s leading retailers announced sales of £501.3m for the year ended June 30, 2004. A pre-tax profit increase of 27.9% to £33.5m, before exceptional items, was attributed to a 5.8% rise in sales to £286.7m in the continental market and continued operational improvements across the group.
In the more mature market in the UK, sales dropped by 0.8% to £210.5m.