AGM Trading Update
Dublin, London | 5 July, 2018: C&C Group plc (“C&C” or the “Group”), a leading manufacturer, marketer and distributor of branded cider, beer, wines, spirits and soft drinks today issues a trading update covering the period from 1 March 2018 to the date of this statement.
Trading has been positive across all our key markets, helped by good weather and the World Cup. In Scotland, since the introduction of Minimum Unit Pricing on 1 May, consumer reaction has been broadly in line with our expectations. In Ireland, good early summer weather has helped Bulmers return to moderate volume growth in the year-to-date.
We continue to make progress in improving service levels and operational performance at Matthew Clark Bibendum. Our new, experienced senior management team are all now in post and engaged in stabilising the business.
Stephen Glancey, CEO, commented:
“As announced on 24 May, Sir Brian Stewart will be stepping down after eight years as Chairman from today’s AGM. I would like to take this opportunity on behalf of the Board of thanking Sir Brian for his outstanding contribution to the Board and the Company through this period of significant change for the business.
I also welcome our new Chairman, Stewart Gilliland, who joined the Board as a non-executive Director in 2012 and has extensive industry and sector experience”.
C&C Group plc
Stephen Glancey | Group Chief Executive
Jonathan Solesbury | Chief Financial Officer
Joe Thompson | Head of Investor Relations
Tel: +44 7980 844 580
Tel: +353 1 765 0800
Tel: +44 203 151 7008
About C&C Group plc
C&C Group plc is a premium drinks company which owns, manufactures, markets and distributes branded beer, cider, wine, soft drinks and bottled water. C&C Group brands include: Bulmers the leading Irish cider brand; Tennent’s, the leading Scottish beer brand; Magners the premium international cider brand; as well as a range of super-premium and craft ciders and beers. C&C Group also owns and manufactures Woodchuck, a leading craft cider brand in the United States and manufactures and distributes a number of 3rd party international beer brands in Scotland and Ireland. C&C is also a leading drinks wholesaler in the UK and Ireland, where it operates under the Matthew Clark, Bibendum, Tennent's and C&C Gleeson brands. C&C Group has a minority investment in the Admiral Taverns tenanted pub group, which owns over 850 pubs across England & Wales. C&C Group is headquartered in Dublin with manufacturing operations in Co. Tipperary, Ireland; Glasgow, Scotland; and Vermont, US. C&C Group plc is listed on the Irish and London Stock Exchanges.
Note regarding forward-looking statements
This announcement includes forward-looking statements, including statements concerning current expectations about future financial performance and economic and market conditions which C&C believes are reasonable. However, these statements are neither promises nor guarantees, but are subject to risks and uncertainties, including those factors discussed on pages 24-27 of the Annual Report 2018 which could cause actual results to differ materially from those anticipated.