28th Oct 2025 09:43
(Alliance News) - C&C Group PLC on Tuesday said profit rose in the first half of the year despite lower revenue.
C&C shares were down 1.8% to 133.60 pence early Tuesday in London.
C&C is Dublin-based beer, cider, wine, spirits and soft drinks maker, offering cider brands such as Bulmers, Magners and Orchard Pig and beer brands such as Tennent's.
Pretax profit increased by 57% to EUR25.8 million in the six months to the end of August from EUR16.4 million a year prior, as operating costs were reduced EUR790.0 million from EUR832.9 million.
Excluding exceptional items, pretax profit was up 12% to EUR32.1 million from EUR28.6 million. Adjusted earnings before interest, tax, depreciation and amortisation was EUR58.1 million, up 1.9% from EUR57.0 million.
Net revenue fell 4.1% to EUR825.7 million from EUR861.4 million. C&C said the decline was due to the transfer of Budweiser Brewing Group volume in Ireland.
C&C declared an interim dividend of 2.08 cents per share, up 4.0% from 2.00 cents a year prior. It said it still intends to return EUR150 million shareholders via a combination of dividends and share buybacks in the three years to financial 2027. It completed EUR15 million in buybacks in the recent half year.
"We have delivered a solid first-half performance against a challenging market backdrop," says CEO Roger White. "We believe we are well prepared for the all-important festive trading period, and whilst we expect challenging economic conditions to persist, we remain committed to the delivery of our full-year earnings targets."
C&C also said its search for a new chief financial officer is underway. Last month, the company said Chief Financial & Transformation Officer Andrew Andrea will leave "no later than March 13" to move to fellow FTSE 250 listing, Milton Keynes-based Domino's Pizza Group PLC.
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
C&C GroupDominos