C&C Group announce an interim dividend of 2.00c

DividendMax Ltd.

C&C Group announce an interim dividend of 2.00c

The C&C Group Board has announced an interim dividend of 2.00 cent per share for the period ended 31 August 2024. Payment will be on 13 December 2024 to ordinary shareholders registered at the close of business on 15 November 2024.

Other financial highlights include:

Overall marginal net revenue decline of -3% reflecting the disposal of their non-core soft drinks business in Ireland, lower contract brewing volumes and softer cider volumes in GB.

Encouraging net revenue growth of +2% in Matthew Clark & Bibendum demonstrating customer recovery and growth momentum in their distribution channel.

Underlying Group operating profit before exceptional items increased +29% (+€9.1m) to €40.3m in HY2025.

Operating margins improve to 4.7% with initiatives to drive group wide efficiencies underway and progressing well.

Continued balance sheet strength with leverage ratio of 1.1x and improvement in free cashflow generation.

Companies mentioned