Duyuru • 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. Duyuru • 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. Duyuru • 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. Duyuru • Nov 22
McBride plc Declares A Final Dividend on Ordinary Share in Respect of the Year Ended 30 June 2025 McBride plc at its AGM, held on 20 November 2025, approved to declare a final dividend of 3.0 pence per ordinary share in respect of the year ended 30 June 2025. Duyuru • Oct 08
McBride plc to Report First Half, 2025 Results on Feb 25, 2025 McBride plc announced that they will report first half, 2025 results on Feb 25, 2025 Duyuru • Oct 07
McBride plc to Report Fiscal Year 2025 Results on Sep 16, 2025 McBride plc announced that they will report fiscal year 2025 results on Sep 16, 2025 Duyuru • Sep 18
McBride plc, Annual General Meeting, Nov 12, 2024 McBride plc, Annual General Meeting, Nov 12, 2024. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to UK£1.21, 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 31% over the past three years. Reported Earnings • Feb 29
First half 2024 earnings released: EPS: UK£0.073 (vs UK£0.097 loss in 1H 2023) First half 2024 results: EPS: UK£0.073 (up from UK£0.097 loss in 1H 2023). Revenue: UK£468.0m (up 9.8% from 1H 2023). Net income: UK£12.7m (up UK£29.5m from 1H 2023). Profit margin: 2.7% (up from net loss in 1H 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • Oct 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (UK£56.8m market cap, or US$69.0m). Reported Earnings • Sep 19
Full year 2023 earnings released: UK£0.066 loss per share (vs UK£0.14 loss in FY 2022) Full year 2023 results: UK£0.066 loss per share (improved from UK£0.14 loss in FY 2022). Revenue: UK£889.0m (up 31% from FY 2022). Net loss: UK£11.5m (loss narrowed 52% from FY 2022). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Duyuru • Sep 19
McBride plc, Annual General Meeting, Nov 20, 2023 McBride plc, Annual General Meeting, Nov 20, 2023. New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$100m (UK£70.7m market cap, or US$87.5m). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (UK£67.0m market cap, or US$84.9m). Buying Opportunity • Aug 04
Now 21% undervalued Over the last 90 days, the stock is up 38%. The fair value is estimated to be UK£0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 16% in a year. Earnings is forecast to grow by 75% in the next year. Duyuru • Jul 14
McBride plc Provides Earnings Guidance for the Year Ended June 30, 2023 McBride plc provided earnings guidance for the year ended June 30, 2023. Overall revenues for the full year, reflecting both volume increases and pricing actions, will show growth of 28.4% on a constant currency basis compared to the year to 30 June 2022. Duyuru • Jun 01
McBride plc Announces Resignation of Igor Kuzniar as a Non-Executive Director McBride plc announced that Igor Kuzniar will step down as a Non-Executive Director of the Company with effect from 31 May 2023. Igor joined the Board in June 2019, following constructive discussions with Teleios Capital Partners LLC. During his tenure, Igor became a member of the Nomination Committee and participated as an observer on both the Remuneration Committee and the Audit and Risk Committee. Duyuru • May 26
McBride plc, Annual General Meeting, May 25, 2023 McBride plc, Annual General Meeting, May 25, 2023. Agenda: To consider appointment of Regi Aalstad, an independent non-executive director. Reported Earnings • Mar 01
First half 2023 earnings released: UK£0.097 loss per share (vs UK£0.08 loss in 1H 2022) First half 2023 results: UK£0.097 loss per share (further deteriorated from UK£0.08 loss in 1H 2022). Revenue: UK£426.3m (up 32% from 1H 2022). Net loss: UK£16.8m (loss widened 22% from 1H 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Duyuru • Jan 17
McBride plc to Report First Half, 2023 Results on Feb 28, 2023 McBride plc announced that they will report first half, 2023 results on Feb 28, 2023 Reported Earnings • Sep 30
Full year 2022 earnings released: UK£0.14 loss per share (vs UK£0.078 profit in FY 2021) Full year 2022 results: UK£0.14 loss per share (down from UK£0.078 profit in FY 2021). Revenue: UK£678.3m (flat on FY 2021). Net loss: UK£24.0m (down 271% from profit in FY 2021). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Household Products industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Board Change • Jul 31
High number of new directors Non-Executive Director Regi Aalstad was the last director to join the board, commencing their role in 2022. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Regi Aalstad was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: UK£0.08 loss per share (down from UK£0.054 profit in 1H 2021). Revenue: UK£323.4m (down 11% from 1H 2021). Net loss: UK£13.8m (down 239% from profit in 1H 2021). Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 13%, compared to a 2.7% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Oct 27
Key Executive recently bought UK£65k worth of stock On the 22nd of October, Jeffrey Nodland bought around 100k shares on-market at roughly UK£0.65 per share. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of UK£134k worth in shares. Board Change • Sep 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Alastair S. Murray was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 08
Full year 2021 earnings released: EPS UK£0.078 (vs UK£0.037 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£682.3m (down 3.4% from FY 2020). Net income: UK£14.0m (up 109% from FY 2020). Profit margin: 2.1% (up from 0.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. Recent Insider Transactions • Mar 06
Key Executive recently bought UK£69k worth of stock On the 2nd of March, Jeffrey Nodland bought around 84k shares on-market at roughly UK£0.83 per share. This was the largest purchase by an insider in the last 3 months. Jeffrey has been a buyer over the last 12 months, purchasing a net total of UK£167k worth in shares. Reported Earnings • Feb 24
First half 2021 earnings released: EPS UK£0.054 (vs UK£0.02 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£362.9m (up 3.6% from 1H 2020). Net income: UK£9.90m (up 168% from 1H 2020). Profit margin: 2.7% (up from 1.1% in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 19% per year. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Household Products industry in the United Kingdom. Is New 90 Day High Low • Dec 24
New 90-day high: UK£0.82 The company is up 36% from its price of UK£0.61 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.74 per share. Is New 90 Day High Low • Dec 05
New 90-day high: UK£0.71 The company is up 19% from its price of UK£0.59 on 03 September 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Household Products industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£1.24 per share.