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C&C Group (CCR) investor relations material
C&C Group Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Trading for the year to date is below Board expectations due to weak consumer confidence and softer demand in hospitality, especially after the November UK Budget.
Christmas trading met expectations, but January has seen continued softness in consumer demand, expected to persist for the rest of the year.
Progress made in customer service, brand execution, innovation, and operational efficiency, but not enough to offset subdued volumes and competitive pricing.
Financial highlights
Adjusted operating profit now expected in the range of €70m–€73m, reflecting lower profits in the Distribution business.
Brands like Tennent's and Bulmers performed strongly during the festive period and met innovation objectives.
Business remains cash generative with a strong balance sheet, significant liquidity, and covenant headroom.
€92m of the planned €150m capital return has already been completed.
Outlook and guidance
Macroeconomic and consumer headwinds are expected to continue into next year.
FY27 profits anticipated to be similar to FY26, with planned volume reductions in Distribution and a lag between revenue decrease and cost reduction leading to short-term profit dilution.
Focus areas include operational simplification, margin rebuild in Distribution, brand innovation, and accelerated efficiency programmes.
Full year results and strategic update scheduled for 19th May 2026.
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