Private-label specialist McBride (MCB) suffered another torrid six months as stiff competition from branded rivals in the UK offset growth in Germany and Poland. The group is now relying on product launches in the second half to buck up the full-year numbers.
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UK revenues fell by 11.5 per cent as private-label detergents were muscled aside by heavily discounted brands. Private-label goods accounted for 28.1 per cent of total market volumes over the period - down from 28.7 per cent the previous year. That cut McBride's adjusted operating profit from £6.9m to just £2.1m.