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May 28 2025, 07:10 IST/BST
C&C
FY25 results in line, encouraging start to FY26
DAVY VIEW
Headline results for FY25 were in line with our forecasts and pre-announced figures. Progress on platform stabilisation was evident during the year as Matthew Clark Bibendum returned to customer growth, underpinned by improved service levels. The outlook statement notes “an encouraging start” across both Branded and Distribution activities. For FY26, we anticipate no material change to our EBIT forecast of €78.9m, which implies 2.3% year-on-year (yoy) growth. The €150m capital return programme to FY27 is maintained.
