12th Jun 2026 13:34
(Alliance News) - McBride PLC shares fell on Friday, after it announced that "sustained cost increases" since April have exceeded its initial expectations.
The stock was down 9.5% at 150.00 pence in London on Friday afternoon.
McBride also said it expects to complete its acquisition of Eurotop SAS, the owner of the Eurotab Group, on or around July 1.
The Manchester, England-based private-label products manufacturer said that since April, it has experienced sustained cost increases in petrochemical-derived and energy-intensive materials due to the ongoing conflict in the Middle East.
This follows McBride's noting "the potential impact of the Middle East crisis on raw material, packaging and haulage input costs" on April 2, when it also announced the proposed EUR40 million acquisition of Eurotab.
McBride on Friday said it has been working closely with our customers to secure offsetting price increases over recent weeks, but that the "cumulative impact on input costs has exceeded our original expectations due to the continuing and prolonged period of the conflict".
This has required a second phase of price recovery actions, McBride said.
However, it added that while the conflict's duration is still uncertain, "at this stage we are of the view that direct cost pressures are unlikely to either rise considerably further or experience meaningful near-term decline."
The company said it expects the final impact to be reflected within its results for the fourth quarter ending June 30, and the first quarter of the upcoming financial year.
As a result, it expects adjusted earnings before interest, tax, depreciation and amortisation to be between 5% and 10% below current analyst expectations, for financial 2026 and 2027.
Company-compiled consensus forecasts GBP64.2 million in adjusted Ebitda for the current financial year, and GBP70.6 million for the next.
By Emma Curzon, Alliance News reporter
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