ukcitymedia news feed

C&C Group expects to deliver full-year results in line with expectations.

C&C Group expects to deliver full-year results in line with expectations.

Thu 10 Jan 2019 07:12 by about : trading updates, trading updates - 0 Comments - 384 words

C&C Group plc (“C&C” or the “Group”), a leading brand-owner, manufacturer and distributor of cider, beer, wines, spirits and soft drinks, today reports that trading across the Group for the four months to 31 December 2018 has been in line with expectations, including through the key Christmas trading period.

Operational delivery and customer service at both Matthew Clark and Bibendum have been very strong and ahead of plan. We therefore anticipate that their combined financial contribution will be as guided at our half year results on 25 October 2018.

Across the rest of the Group, positive trading momentum has continued into the second half, with revenues tracking mid-single digit ahead of last year.

Accordingly, the Group currently expects to deliver full-year results to 28 February 2019 in line with the Board’s expectations.

Stephen Glancey, CEO, commented:

“Despite the current political uncertainty the Group is increasingly well positioned going into 2019. The new management teams and colleagues at Matthew Clark and Bibendum, have delivered an exceptional operating performance over the key Christmas period. With service levels restored, we now have stable platforms with real growth potential and unparalleled market access to the U.K. on trade. In Scotland and Ireland our combination of leading brands and distribution assets is highly resilient, cash generative and delivering growth. With a strong balance sheet and normalised cash flow conversion of 60-70% of EBITDA we are poised to provide enhanced shareholder returns.”


These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.

Add a comment



Security key:



ukcitymedia news feed

Please take our RSS Feed and news to your Network and message boards. With thanks


ukcitymedia moderates but does not authenicate postings. Users are reminded that shares and all trading instruments by nature do not always prove to be good investments. Readers are reminded to do your own research. delivers UK stock market news, latest shares news, uk financial news, rns news articles, latest business news, latest uk financial news, stockmarket investment news, business news round-ups. director dealings bulletins, stock market reports, share trading articles, latest finance news, broker recommendations, uk city news, latest financial information. does not offer financial advice.