REG - McBride PLC - Capital Markets Day

McBrideAnnouncement

13/03/2024 07:00

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RNS Number : 6020G  McBride PLC  13 March 2024

13 March 2024

 

McBride plc

 

Capital Markets Day

 

 

McBride plc ('McBride' or the 'Group'), the leading European manufacturer and
supplier of private label and contract manufactured products for the domestic
and professional cleaning and hygiene markets, is today hosting a Capital
Markets Day for investors, lenders and analysts at 11.00 am GMT. The event
will be held in person at the offices of Instinctif, 65 Gresham Street, London
EC2V 7NQ.

 

The event will include presentations from Chris Smith, Chief Executive
Officer, and Mark Strickland, Chief Financial Officer, alongside Divisional
Managing Directors and the Chief Transformation Officer. The presentations
will cover:

 

·      The growth of the private label household market and McBride's
share gains within this market;

·      An overview of performance against the Compass strategy by each
of the divisions (Liquids, Unit Dosing, Powders, Aerosols and Asia Pacific);

·      The transformation programme;

·      McBride's financial performance, progress and targets.

 

As part of the event, the leadership team will set out further details on its
growth strategy and key objectives for the next five years which include:

 

·      Revenue growth of 2% per annum

·      EBITDA of >10% of sales

·      Net debt below 1.5x EBITDA

·      >25% ROCE

 

The presentation will be followed by an opportunity to ask questions of the
presenters and the wider management team.

 

The presentation materials will be available on McBride's corporate website
before the event and a recording of the event will be made available shortly
afterwards.  Both can be accessed at https://www.mcbride.co.uk
(https://www.mcbride.co.uk) .

 

No new material trading information will be disclosed at the event.

 

 

 McBride plc                               0161 203 7401
 Chris Smith, Chief Executive Officer
 Mark Strickland, Chief Financial Officer

 Instinctif Partners                       0207 457 2020
 Guy Scarborough

 Vivian Lai

 

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