C&C Group PLC, the owner of well-known brands such as Tennent's, Magners, and Bulmers Ireland, has announced the deferral of its FY2024 full year results announcement, originally scheduled for 23 May. The delay is due to the need for additional time to review certain non-cash accounting measurements related to previous financial periods. Despite this, the company re-affirms its guidance of an expected FY2024 underlying operating profit outcome of approximately €60 million, in line with current market expectations.
Moreover, C&C Group PLC expresses increasing confidence in the medium-term outlook for the business, highlighting its strong cash generation and conversion. The company 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 FY2024 full year results announcement will be provided as soon as possible.
C&C Group PLC is a leading, vertically integrated premium drinks company that manufactures, markets, and distributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland. The company's portfolio includes owned/exclusive brands such as Bulmers, Tennent's, and Magners, as well as a range of fast-growing, premium and craft ciders and beers. Additionally, C&C Group is the No.1 drinks distributor to the UK and Ireland hospitality sectors, operating through brands like Matthew Clark, Bibendum, Tennent's, and Bulmers Ireland.
C&C Group PLC is a FTSE 250 company headquartered in Dublin and listed on the London Stock Exchange. The company will provide the rescheduled date for the FY2024 full year results announcement in due course.