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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  McBride plc    MCB   GB0005746358

MCBRIDE PLC

(MCB)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/21 07:21:01 am
79.695 GBX   +0.37%
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McBride : lifts profit view as pandemic boosts cleaning product demand, shares soar

12/04/2020 | 03:37am EST

(Reuters) - Cleaning products maker McBride Plc raised its full-year earnings outlook on Friday, encouraged by a coronavirus-led surge in demand for hygiene and cleaning products, sending its shares 8% higher to a near six-month peak in early trade.

The UK-based company, which makes products for households as well as professional cleaning markets, said it expects pretax profit for the year ending June 30, 2021 to be at least 10% ahead of current market consensus of 25.2 million pounds ($33.90 million).

McBride, which operates in over 12 countries with brands including Surcare, Ovenpride, Clean N Fresh and Hospec, said it had experienced weak trading in November and December in 2019, but expected strong trading in the same period this year in light of the pandemic.

"This improved revenue performance combined with continued factory efficiencies, limited operational impact from COVID-19, lower than expected operating costs and input costs for certain raw material and packaging items, will see a material year-on-year improvement in first half earnings," the company said.

The company had reported a 33% slump in earnings last fiscal year due to a drop in demand for its laundry products.

(Reporting by Priyanshi Mandhan; Editing by Shounak Dasgupta and Rashmi Aich)


© Reuters 2020
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Financials
Sales 2021 718 M 985 M 985 M
Net income 2021 14,7 M 20,2 M 20,2 M
Net Debt 2021 101 M 138 M 138 M
P/E ratio 2021 9,93x
Yield 2021 3,02%
Capitalization 143 M 195 M 196 M
EV / Sales 2021 0,34x
EV / Sales 2022 0,33x
Nbr of Employees 3 400
Free-Float 80,5%
Chart MCBRIDE PLC
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McBride plc Technical Analysis Chart | MCB | GB0005746358 | MarketScreener
Technical analysis trends MCBRIDE PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 79,00 GBX
Last Close Price 79,40 GBX
Spread / Highest target 10,8%
Spread / Average Target -0,50%
Spread / Lowest Target -5,54%
EPS Revisions
Managers and Directors
NameTitle
Christopher Ian Charles Smith Chief Executive Officer & Director
Jeffrey M. Nodland Chairman
David Thomas Rattigan Finance Director
Mark William Strickland Chief Financial Officer & Director
Neil Simon Harrington Independent Non-Executive Director
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