C&C Group (CDI)
CCR · Main Market · Food, Beverage and Tobacco · mcap £361m · 95.0p
C&C Group owns drinks brands such as Magners, Bulmers and Tennent's. It also distributes drinks to pubs and restaurants through Matthew Clark Bibendum in Great Britain and Ireland.
| Target | Promise | Said | Status |
|---|---|---|---|
| 2024 | |||
| FY2024 | FY2024 underlying operating profit of about €60m, in line with expectations. | 10 May 2024 | ✓ Kept |
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Result
FY2024 underlying operating profit was €60m, in line with expectations. “Operating profit before exceptional items in the year is expected to be €60m and overall earnings before exceptional items, finance income & expense, tax, depreciation and amortisation charges are anticipated to be €94m.”7 Jun 2024 · Summary of FY2024 Unaudited Financial Performance |
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| 1 Sep 2024 | Start the next €15m buyback tranche from 1 September 2024. | 7 Jun 2024 | ✓ Kept |
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Result
A €15m buyback programme was launched on 9 September 2024. 9 Sep 2024 · C&C Group launches share buy-back of up to EUR 15m |
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| Today · 11 Oct 2026 | |||
| 2027 | |||
| FY2027 (Feb 2027) | Return at least €150m to shareholders through dividends and buybacks over three fiscal years to FY27, keeping leverage near 1x. | 21 Feb 2024 | ✓ Kept |
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Also stated 7 Jun 2024 · 28 May 2025
Result
May 2025 results said €150.0m had been returned; January 2026 update cited €92m completed and reiterated the €150m total. “The Board remains committed to its capital return plans of returning a total of €150m over the previously announced timescale with €92m already returned as reported in our interim results.”23 Jan 2026 · FY26 Trading Update |
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