
IMMEDIATE RELEASE
('C&C' or 'the Group')
FY2026 First-Half Trading Update
Earnings in line with expectations
Revenues in Matthew Clark Bibendum in the period were slightly below last year, reflecting lower volumes in our national customers in line with market trends, especially within the wines and spirits categories.
Underlying operating profit is expected to be in the range of
The Group's core brands, Tennent's and Bulmers, delivered solid performances in the period, with both achieving revenue growth. Following the transfer of control of Magners UK back to
Capital Returns
The Board remains committed to its previously disclosed distribution of
To date we have distributed
Outlook
Despite the challenging macroeconomic backdrop, we will continue to invest in the business to improve performance, support growth and ensure we deliver for all our customers and consumers.
Our immediate priorities remain to focus on winning new customers by delivering on our service, range and value proposition, growing market share of core brands, and driving the "Simply Better Growth" simplification programme to deliver efficiency across the organisation.
Whilst the macroeconomic environment remains challenging and we have the all-important Christmas trading period ahead of us, we remain on track to achieve operating profit in line with market expectations.
*Constant Currency Basis
Contacts:
Roger White, Chief Executive Officer
Andrew Andrea, Chief Financial and Transformation Officer
Email: investor.relations@candcgroup.ie
Investors, Analysts & UK Media:
Justine Warren / Tim Pearson
Tel: 020 7457 2020
Email: candccapmkts@instinctif.com
Irish Media
Jonathan Neilan / Paddy Berkery / Niamh O'Brien
Tel: +353 86 231 4135 / +353 86 602 5988 / +353 87 707 8379
Email: CandCGroup@fticonsulting.com
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