The group, which manufactures, markets and distributes beer, cider, wine, spirits and soft drinks across the UK and Ireland, said revenues are expected to be in line with last year, which reflects growth in its distribution business offset by the disposal of its non-core soft drinks business in Ireland.
C&C Group, which counts Tennent’s and Bulmers among its brands, said: “The macroeconomic environment and UK October Budget have placed a degree of additional pressure on our hospitality customers and impacted consumer confidence more generally.
“Despite these headwinds, the group has made good progress and expects to report underlying EBIT in the range of €76m to €78m that, although modestly below our target due to softer trading across the market in January and February, reflects significant recovery versus the prior year’s earnings of €60m.
“Operating margins are expected to be ahead of FY2024 with positive progress in both our branded and distribution businesses.
“The Group has increased customer numbers growing 7% in the second half of FY2025 in our Matthew Clark Bibendum distribution business, reflecting further improved and consistently high service levels. We have invested in our brands and achieved market share value growth for Tennent’s in both the on and off-trade and for Bulmers in Ireland on trade.”
Exciting plans
On the current outlook, the business said its key commercial objectives are to support customers with “industry-leading” service, choice and value, while continuing to “delight consumers” with its range of brands.
C&C Group added: “We have some exciting plans for our brands coming in FY2026, including the relaunch of Magners as the brand is now back under our full management control in the UK market.
“Looking forward, we expect to see continued uncertainty for consumers alongside the impact of the well documented challenges of the hospitality sector.
“We remain confident in the longer-term and will further invest in our customer proposition, brand innovation, systems and people.
“This underpins the board’s confidence in our ability to achieve sustainable, long-term profitable growth. We expect earnings in FY2026 to be marginally ahead of FY2025, reflecting our ongoing investment in the business to enhance our growth potential.
“The group remains well-positioned to navigate these challenging conditions and our previously stated objective to deliver €100m EBIT remains in place over the medium-term.”
Work to be done
C&C Group CEO Roger White said: “Having joined the business in late January 2025, although it is still early days, I believe I have already gained an understanding of the business and the wider market dynamics.
“It is clear to me C&C has a committed and capable team, alongside great brands and a passion for delivering for its customers.
“However, there is much work to be done to fully realise the potential across the group. While the market backdrop remains challenging, we are continuing to support our customers, invest in the business and have some exciting plans to implement this year.
“I remain confident of the significant long-term opportunity within the business and I am fully focused on delivering increased shareholder value.”
The group will announce full-year results on 28 May 2025.
