REG - C&C Group Plc - Timing of FY2024 Full Year Results

C&CAnnouncement

10/05/2024 07:00

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RNS Number : 8848N  C&C Group Plc  10 May 2024

 

Timing of FY2024 Full Year Results

 

Dublin, London 10 May 2024:

 

C&C Group plc ('C&C' or the 'Group'), owners of the Tennent's, Magners
and Bulmers Ireland brands, and Matthew Clark and Bibendum Wine, announces
that the FY2024 full year results announcement, scheduled for 23 May, has been
deferred. Whilst the preparation of the Group's Annual Report and Accounts for
FY2024 is well advanced, additional time is required to complete a review of
certain non-cash accounting measurements relating to previous financial
periods.

 

C&C re-affirms its guidance of an expected FY2024 underlying operating
profit outcome of c.€60 million, in line with current market expectations.
With increasing confidence in the medium-term outlook for the business,
together with its strong cash generation and conversion, C&C also
re-affirms its intention to return €150 million to shareholders over the
next three years within its stated leverage range.

 

The rescheduled date for the Group's FY2024 full year results announcement
will be provided as soon as possible.

 

ENDS

 

 

Contacts

 

C&C Group plc

Riona Heffernan, Group Finance & Investor Relations Director

Email: riona.heffernan@candcgroup.com (mailto:riona.heffernan@candcgroup.com)

 

Investors, Analysts & Media

FTI Consulting

Jonathan Neilan / Paddy Berkery / Niamh O'Brien

Tel: +353 86 231 4135 / +353 86 602 5988 / +353 87 707 8379

Email: CandCGroup@fticonsulting.com (mailto:CandCGroup@fticonsulting.com)

 

 

About C&C Group plc

C&C Group plc is a leading, vertically integrated premium drinks company
which manufactures, markets and distributes branded beer, cider, wine,
spirits, and soft drinks across the UK and Ireland.

•     C&C Group's portfolio of owned/exclusive brands include:
Bulmers, the leading Irish cider brand; Tennent's, the leading Scottish beer
brand; Magners the premium international cider brand; as well as a range of
fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea,
Five Lamps and Orchard Pig. C&C exports its Magners and Tennent's brands
to over 40 countries worldwide.

•     C&C Group has owned brand and contract manufacturing/packing
operations in Co.Tipperary, Ireland and  Glasgow, Scotland.

•     C&C is the No.1 drinks distributor to the UK and Ireland
hospitality sectors. Operating through the Matthew Clark, Bibendum, Tennent's
and Bulmers Ireland brands, the Group has a market leading range, scale and
reach including an intimate understanding of the markets it serves. Together
this provides a key route-to-market for major international beverage
companies.

 

C&C Group is a FTSE 250 company headquartered in Dublin and is listed on
the London Stock Exchange.

 

Note regarding forward-looking statements:

This announcement includes forward-looking statements, including statements
concerning current expectations about future financial performance and
economic and market conditions which C&C believes are reasonable. However,
these statements are neither promises nor guarantees, but are subject to risks
and uncertainties, including those factors discussed in our FY2023 Annual
Report that could cause actual results to differ materially from those
anticipated.

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