공시 • Apr 04
McBride plc (LSE:MCB) signed a binding offer to acquire Eurotab SA from the shareholders for €40 million. McBride plc (LSE:MCB) signed a binding offer to acquire Eurotab SA from the shareholders for €40 million on April 2, 2026. A cash consideration of €40 million (£34.5 million) will be paid by McBride plc, subject to customary closing adjustments. The enterprise value for the Proposed Acquisition is dependent on Eurotab's closing 12 month EBITDA at completion. It is currently anticipated that this will result in an enterprise value of €38.2 million plus a payment of €1.8 million for acquired tax losses. The enterprise value will be subject to customary closing adjustments to determine the final purchase price. The Proposed Acquisition is expected to be accretive to earnings per share in the first full year of ownership and will raise overall Group margins, adding approximately 0.5 percentage points to the Group's EBITDA margin, and moving the Group towards the 10% target set at the 2024 Capital Markets Day. The Proposed Acquisition is expected to generate attractive returns well in excess of the Group's cost of capital. The consideration will be financed through the Group's existing banking facilities, with the Group's net debt to EBITDA ratio expected to be slightly above the Capital Markets Day target of 1.5x for approximately one year post completion. The Proposed Acquisition is in line with the Group's growth strategy and is anticipated to further strengthen McBride's position as a leading detergent producer in Europe.
In accordance with applicable French legal requirements, the acceptance of McBride's offer is subject to the completion of information and consultation procedures with the French employees and employee representative bodies of the Eurotab Group. Subject to the completion of those procedures, it is anticipated that the parties will enter into the final sale and purchase documentation. The transaction would also be subject to certain other conditions to completion. The anticipated purchase price represents an underlying EBITDA multiple of 5.2x or 4.6x net of the value of acquired tax losses which the Group expects to use over time. When adjusting for conservative synergies the underlying EBITDA multiple equates to 3.1x. The Proposed Acquisition will close between June 2026 and the end of the first quarter of the Group's 2027 financial year. 공시 • Mar 11
Mcbride plc Appoints Casper Meijer as Independent Non-Executive Director, Effective March 10, 2026 McBride plc announces the appointment of Casper Meijer as an independent Non-Executive Director with effect from March 10, 2026. Casper has extensive experience in the retail sector across a wide range of categories, such as garden, pet, outdoor living, food, household goods and discount retail, in both local and international companies. He brings specific expertise in private label, category management and sustainable innovation. Presently, Casper is the Chief Executive Officer of Welkoop, a Dutch retail chain that focuses on garden, pet and outdoor living products. In addition, Casper is a Non-Executive Director of Fiksuruoka, a Finnish company (which trades as Foodello outside of Finland) that has become one of the leading food-waste-reduction retailers in Europe. Previously, Casper was the Chief Executive Officer of Blokker Holding (now known as Mirage Retail Group), a Dutch retail conglomerate that has owned and operated many of the Netherlands' best-known non-food store chains. He has also held the position of Group Trading Director at Morrisons plc, the UK supermarket chain and was Commercial Director and Board member at Albert Heijn. Contemporaneously with joining the Board, Casper will become a member of the Audit and Risk, Nomination and Remuneration Committees of the Company. 공시 • Mar 01
Mcbride plc Announces Directorate Changes McBride plc announces that Elizabeth (Liz) McMeikan, Senior Independent Director, has informed the Company of her decision to resign from the Board with effect from 31 March 2026.
Liz joined the Board in November 2019. During her tenure, Liz became Senior Independent Director and Chair of the Remuneration Committee, as well as serving as a member of both the Audit and Risk Committee and the Nomination Committee. Alastair Murray will replace Liz as Senior Independent Director, in addition to continuing as Chair of the Audit and Risk Committee. Regi Aalstad will replace Liz as Chair of the Remuneration Committee, in addition to acting as the designated Non-Executive Director for employee engagement.
The Nomination Committee has commenced a formal process to identify and appoint a suitable replacement Non-Executive Director. A further announcement will be made in due course. Reported Earnings • Feb 25
First half 2026 earnings released: EPS: UK£0.094 (vs UK£0.11 in 1H 2025) First half 2026 results: EPS: UK£0.094 (down from UK£0.11 in 1H 2025). Revenue: UK£475.2m (flat on 1H 2025). Net income: UK£16.0m (down 18% from 1H 2025). Profit margin: 3.4% (down from 4.1% in 1H 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.39, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Household Products industry in Europe. Total returns to shareholders of 584% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.37 per share. 
