McBride growth continues despite competition

25th Oct 2010 07:18

Household and personal care products maker McBride said it continues to see growth despite intense competition and is trading in line with company expectations.The firm, which makes products such as washing-up liquid and shaving foam for supermarkets to sell under their own label, said revenue at constant currency grew a modest 1%.The raw material price pressures McBride outlined in September continue to evolve as expected, the group explained. "We are pleased to report that our initiatives to recover these increases are progressing to plan," the group said. The re-structuring programmes announced during 2010 have now been completed while the integration of its recent acquisitions is progressing and the businesses are performing well.Chief executive Chris Bull, "Whilst our markets remain highly competitive, we continue to see growth in our core categories and the benefit of ongoing cost reduction programmes. We will maintain our focus on growing those categories in which we can add value to our consumers and developing stronger relationships with our key customers."