27th Oct 2014 07:00
Segmental Reporting
In advance of 2015 first half results, C&C Group plc (“C&C” or the “Group”) announces a change to its segmental reporting to reflect its current organisation structure, business model and management of the Group.
The new segments are outlined below together with detail on how the segment was previously classified. Also included below are revenue, net revenue and operating profit for the six months ending 31 August, 2013 (“H1 2014”) and the 12 months ending 28 February, 2014 (“FY 2014”) under the new segments together with the previous segmental classification.
There is no change to the previously reported Group revenue, net revenue or operating profit.
Segment Classification
| New Reporting Segment | Previously reported under | ||
| Ireland | Previously ROI. Now includes Northern Ireland. | ||
| Scotland | Previously the Scottish results were included within Tennent’s UK, Cider UK and Third Party Brands UK. | ||
| England & Wales | Previously the E&W results were included within Cider UK and Third Party Brands UK. | ||
| Export | Previously included within International. | ||
| United States | Previously included within International. | ||
Restated Comparatives
| New Reporting Segment | Prior Reported Segment | |||||||||||||||||
| FY 2014 | Revenue | Net Revenue | Operating profit | FY 2014 | Revenue | Net Revenue | Operating profit | |||||||||||
| €m | €m | €m | €m | €m | €m | |||||||||||||
| Ireland | 395.1 | 289.7 | 58.6 | ROI | 330.6 | 237.3 | 48.2 | |||||||||||
| Scotland | 238.2 | 130.2 | 36.2 | Cider UK | 164.1 | 112.8 | 20.7 | |||||||||||
| E&W | 199.7 | 123.2 | 15.9 | Tennent's UK | 216.2 | 103.6 | 34.6 | |||||||||||
| Export | 25.9 | 25.8 | 5.3 | International | 79.9 | 77.1 | 16.0 | |||||||||||
| United States | 54.0 | 51.3 | 10.7 | Third Party Brands UK | 122.1 | 89.4 | 7.2 | |||||||||||
| Total | 912.9 | 620.2 | 126.7 | Total | 912.9 | 620.2 | 126.7 | |||||||||||
| H1 2014 | Revenue | Net Revenue | Operating profit | H1 2014 | Revenue | Net Revenue | Operating profit | |||||||||||
| €m | €m | €m | €m | €m | €m | |||||||||||||
| Ireland | 217.4 | 163.0 | 33.0 | ROI | 181.2 | 133.4 | 28.2 | |||||||||||
| Scotland | 119.9 | 66.0 | 18.6 | Cider UK | 92.4 | 63.7 | 13.7 | |||||||||||
| E&W | 107.7 | 67.7 | 9.8 | Tennent's UK | 109.2 | 52.7 | 16.6 | |||||||||||
| Export | 13.8 | 13.8 | 2.7 | International | 41.4 | 40.0 | 9.7 | |||||||||||
| United States | 27.6 | 26.2 | 7.0 | Third Party Brands UK | 62.2 | 46.9 | 2.9 | |||||||||||
| Total | 486.4 | 336.7 | 71.1 | Total | 486.4 | 336.7 | 71.1 | |||||||||||
ENDS
About C&C Group plc
C&C Group plc is a manufacturer, marketer and distributor of branded cider, beer, wine and soft drinks. The Group manufactures Bulmers, the leading Irish cider brand, Magners, the premium international cider brand, Gaymers cider and the Shepton Mallet Cider Mill range of English ciders and the Tennent's beer brand. C&C Group also owns Woodchuck and Hornsby’s, two of the leading craft cider brands in the United States. The Group’s Irish wholesaling subsidiary, Gleeson Group, owns and manufactures Tipperary Water and Finches soft drinks. The Group also distributes a number of beer brands in Scotland, Ireland and Northern Ireland, primarily for Anheuser-Busch Inbev, and owns Wallaces Express, a Scottish drinks wholesaler.
| C&C Group plc | Contacts | ||
| C&C Group: | Colin Dingwall | |
| Head of IR | ||
| Email: [email protected] | ||
| Investors, Analysts & Media: | Mark Kenny/Jonathan Neilan | |
| FTI Consulting | ||
| Tel: +353 1 663 3686 | ||
| Email: [email protected] |
Copyright Business Wire 2014
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