McBride forecasts clean growth
MCBRIDE, the soaps and detergents maker with a major operational base in Middleton, north Manchester, has said that its 2012 revenues have increased by 3%, with all of its operating regions contributing towards growth.
The company, which produces own-label brands for supermarket chains alongside its own brands of products such as Surcare, also said that margins have recovered as it has attempted to claw back increased costs of raw materials, although further recent increases in commodity prices are again affecting costs.
It has also said that it expects to levy an exceptional charge of £12m in its accounts, associated with its soon-to-be completed supply chain restructuring. Despite this, it added current trading and outlook are in line with expectations.
Chief executive Chris Bull said: “Our performance continues to be satisfactory with revenue growth achieved in all of our markets and an improving operating margin. The trading environment remains challenging, but one in which the consumers’ desire for value will increasingly be met by private label”.
