Timing of FY2024 Full Year Results
FY2024 results announcement deferred from 23 May pending completion of accounting review.
vs expectations: in line with current market expectations
- Expected FY2024 underlying operating profit c.€60 million
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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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.