Ireland's C&C Group FY revenue falls 5.7% but meets analyst expectations

C&C

19/05/2026 07:12

Corrects to say "net revenue" throughout

Overview

Ireland drinks maker's FY2026 net revenue declined 5.7% but met analyst expectations

Adjusted EBITDA for FY2026 slightly missed analyst expectations

Company proposed a lower final dividend for FY2026 as part of capital returns

Outlook

Company expects to meet full-year financial objectives despite macroeconomic uncertainty

Trading performance since the period end has been in line with expectations

Company plans strong promotional programme and brand initiatives for key summer trading period

Result Drivers

PLANNED CONTRACT EXIT - Co said net revenue decline partly reflected planned exit of Budweiser Brewing Group volume in Ireland

HOSPITALITY MARKET CHALLENGES - Co said challenging hospitality market conditions impacted Distribution business

CORE BRAND GROWTH - Co said Bulmers and Tennents delivered net revenue growth, supported by new product launches and innovation

Company press release: ID:nRSS7968Ea

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Revenue
Meet
EUR 1.57 bln
EUR 1.57 bln (6 Analysts)
FY Adjusted EBITDA
Slight Miss*
EUR 104.30 mln
EUR 104.44 mln (6 Analysts)
FY Pretax Profit
EUR 49.80 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the distillers & wineries peer group is "buy"

Wall Street's median 12-month price target for C&C Group PLC is GBp150.00, about 37.6% above its May 18 closing price of GBp109.00

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)