C&C Group Plc ( (GB:CCR) ) just unveiled an announcement.
C&C Group Plc reported a trading update for the fiscal year ending February 2025, highlighting stable group revenues despite challenges such as the disposal of a non-core soft drinks business and softer cider sales. The company expects underlying EBIT to be slightly below target but significantly improved from the previous year. Operating margins are anticipated to be better than the prior year, supported by growth in customer numbers and market share for key brands. Strong cash generation and a robust balance sheet have allowed for continued investment and shareholder returns. Looking ahead, C&C Group plans to relaunch the Magners brand and anticipates marginally higher earnings in FY2026, despite ongoing challenges in the hospitality sector.
More about C&C Group Plc
C&C Group Plc is a 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 leading brands such as Tennent’s, the top beer brand in Scotland, and Bulmers, the leading cider brand in Ireland. C&C Group also operates Matthew Clark Bibendum, a prominent premium drinks and wine distributor to the UK hospitality sector.
YTD Price Performance: 1.23%
Average Trading Volume: 507,453
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £550.7M
Learn more about CCR stock on TipRanks’ Stock Analysis page.