C&C Group reports steady trading, CFO departs
C&C Group plc today (18 September) announces that trading in the first half to 31 August 2025, has been in line with expectations.
The Group’s core brands, Tennent’s and Bulmers, delivered solid performances in the period, with both achieving revenue growth
Net Revenues are 4%* below last year, reflecting the impact of lower distribution revenues following the previously disclosed transfer of control of AB InBev Off-Trade Beer distribution in the Republic of Ireland and the planned exit of some lower-margin business in the period.
Revenues at Matthew Clark Bibendum in the period were slightly below last year, reflecting lower volumes from 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 €41.5-€42.0m, in line with its expectations, reflecting its continued strong focus across cost efficiencies and the continued investment in service, range, and value for customers as it continues to build its Distribution business and support the development of our Branded business.
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 C&C Group in January 2025, it has commenced its activities to re-invigorate the brand.
This will be a multi-year programme that has started with a new above-the-line marketing campaign and some initial brand distribution gains in the off trade which have improved performance, offset by continued challenges in the on trade where distribution gains will take more time to be delivered.
Its Premium portfolio continues to build distribution in both the on and off trade.
The Board remains committed to its previously disclosed distribution of €150 million to shareholders over the three years to Financial Year 2027 through a combination of progressive dividends and share buybacks.
It has now completed the latest €15 million tranche of buyback which commenced on 1 May 2025.
To date it has distributed €84 million to shareholders since the start of Financial Year 2025.
Despite the challenging macroeconomic backdrop, it will continue to invest in the business to improve performance, support growth and ensure it delivers for all its customers and consumers.
Its immediate priorities remain to focus on winning new customers by delivering on 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 it has the all-important Christmas trading period ahead, it remains on track to achieve operating profit in line with market expectations.
Departure
C&C Group plc announces that Andrew Andrea, chief financial and transformation officer (“CF&TO”) and director of the company, has informed the Board of his decision to step down from the Board as CF&TO to take up a new role as CFO at Domino’s Pizza Group PLC.
Andrew remains committed to his current role with the company and will remain in post until the current financial year is completed. It is planned that Andrew will step down from his role at C&C Group no later than 13 March 2026.
The search for a new CFO will start immediately in line with the C&C succession plan, and a further update will be issued in due course.
Roger White, chief executive officer commented: “The Board join me in thanking Andrew for his excellent contribution to C&C.
“Andrew joined the business during challenging times and has, through his experience and capabilities, played a significant role in the stabilisation and improvement of the business.
“Andrew will continue to be an important part of the leadership group until his planned departure early next year.”
