C&C

H1 results in line, capital returns quantified

  • Sectors : Beverage
  • Companies : C&C

Ratings and price correct at time of issue.

  • C&C

    Closing Price: 139.4p

  • RATING 30/06/09

  • PREVIOUS RATING N/A

DAVY VIEW

The recent pre-close update removed the element of surprise in the H1 result. C&C has reported H124 EBIT of €30.5m (in line with recent guidance). Noteworthy in the statement is a commitment to return €150m to shareholders over the next three fiscal years. We envisage no material change to our full-year EBIT or EPS forecasts.

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Oct 26 2023, 07:20 IST/BST

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