Own-brand household goods and personal care manufacturer McBride has issued a cautious full-year outlook amid what it called an “uncertain” retail environment.
In a trading update today, McBride said trading profits for the first half of the year would reach £20m, with net debt to be in line with expectations at about £72m.
Revenues were up 2% for the six months to 31 December, buoyed by growth in Central and Eastern Europe.
The company said it was closely monitoring recent hikes in commodity prices and would take action to recover any increased costs.
“Given the uncertain outlook for the retail sector, the board believes that the full-year outlook may be towards the lower end of its expectations,” the update said.
Sales edge up as McBride battles materials costs (25 October 2010)