| Dublin, London, 12 October 2006: C&C Group plc (‘C&C’ or the ‘Group’), a leading manufacturer, marketer and distributor of branded beverages in Ireland and the UK, today announced its interim results for the six months ended 31 August, 2006.
Financial & Operating Highlights
Financial Highlights (i)
- Revenue growth of 27%
- Operating profit growth of 66%
- Earnings growth of 79%
- Adjusted basic EPS of 28.7 cent - an increase of 77%
- Interim dividend of 12.0 cent per share – an increase of 85%
- Free cash flow of €81.6 million (65% of EBITDA)
- Net debt reduced by €62.6 million to €320.5 million
Operating Highlights
- Operating profit margin increase of five percentage points to 21.3%
- Volume of the Group’s cider brands grew by 85%
- Extended distribution of Magners nationally in Great Britain
- Bulmers significantly outperformed the Irish LAD (ii) market
- Volume for the Group’s Irish whiskey brand, Tullamore Dew, grew by 25%
- Marketing investment for the period increased by 53%
(i) Comparisons exclude exceptional items.
(ii) Long alcohol drinks market.
(iii) Free Cash Flow (FCF)/Earning before interest tax depreciation and amortisation (EBITDA).
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Investors and analysts |
Irish Media |
International Media |
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Mark Kenny or Jonathan Neilan
K Capital Source
Tel: +353 1 631 5500
Email: c&cgroup@kcapitalsource.com |
Paddy Hughes or Ann Marie Curran
Drury Communications
Tel: +353 1 260 5000
Email: phughes@drurycom.com |
Edward Orlebar
M Communications
Tel: +44 207 153 1523
Email: orlebar@mcomgroup.com |
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