Analyst Views: What was your reaction to McBride’s full-year results?

 
Kasmira Jefford
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DAMIAN MCNEELA PANMURE GORDON

Although the operating environment is unlikely to improve materially in the near term, this announcement of a re-focused senior management team should allow the business to accelerate the revenue momentum generated in the second half and improve operating margins.

NICOLA MALLARD INVESTEC

McBride has delivered full year 2013 results in line with expectations and with a maintained dividend (yielding four per cent). A focus in new product development has delivered positive sales momentum in the second half and we expect this to continue in 2014, with profit growth resuming.

DARREN SHIRLEY SHORE CAPITAL

McBride has reported preliminary results for the year ended 30 June a little below expectations, expectations that Shore Capital has previously lowered twice through 2013 (March and May)...we place our current forecasts of pre-tax profits of £25m under review for downward revision.