McBride H1 revenue rises on private label demand growth

McBride

24/02/2026 07:14

Overview

European cleaning products maker's H1 revenue rose 0.8%, driven by private label growth

Adjusted operating profit for H1 fell slightly to £31.5 mln

In Dec, company commenced a £20 mln share buyback program

Outlook

McBride expects full-year adjusted operating profit of £64.7 mln

Company sees good momentum in H2 with new contract wins

Material costs expected to remain flat, overheads under control

Result Drivers

PRIVATE LABEL GROWTH - Revenue growth driven by increased demand for private label products, with volumes up 0.9%

OPERATIONAL IMPROVEMENTS - Profitability maintained through product engineering, operational improvements, and overhead cost control

SAP SYSTEM LAUNCH - Successful launch of SAP S/4HANA system in the UK, providing infrastructure for future growth

Company press release: ID:nRSX1599Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 475.20 mln
H1 Adjusted EBIT
GBP 31.50 mln
H1 Adjusted Pretax Profit
GBP 26.20 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the household products peer group is "buy."

Wall Street's median 12-month price target for McBride PLC is GBp190.00, about 13.8% above its February 23 closing price of GBp167.00

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 5 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)