Earnings release
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RNS Number : 3200UC&C Group Plc11 September 2026 LEI: 635400LNUHA2LDXXV850 11 September 2026 C&C Group plc ('C&C' or 'the Group') Acquisition and Trading Update Acquisition of Asahi UK's wholesale businessesC&C Group plc announces today that it has reached an agreement with Asahi UK to acquire all of its UKwholesale interests for nominal consideration, with the transaction perimeter comprising Nectar Imports Ltd andthe direct distribution operations of Asahi UK. Post completion the businesses will be fully integrated into theGroup's Matthew Clark Bibendum (MCB) operations. In addition, MCB will enter into a long-term businesspartnership associated with Asahi brands in the UK. The Group will assume all customer and supplier relationships and agreements alongside the intellectual property,a leased depot, and certain assets including vehicles and stock. The acquisition represents an attractive opportunity to structurally grow the MCB business whilst providing theacquired customer base with immediate access to the service and extensive range of the MCB proposition. Theagreement also includes the full transfer of supply arrangements to the prestigious Fuller, Smith & Turner on-tradeestate. Terms have been agreed, with completion due in early October, after which a structured programme of customertransfer will take place, migrating customers across to MCB's operational, commercial and supply chaininfrastructure. Roger White, Chief Executive Officer of C&C Group, commented: "This move represents an attractive opportunity to provide a significant number of new customers with MCBmarket leading service and range proposition whilst simultaneously delivering immediate scale and efficiency intothe Group's operations, in line with our strategy. We expect the majority of the customer and supplier transitions tobe completed in the coming weeks, and for the acquisition to make a small positive contribution to the overallfinancial performance of MCB in FY27." Trading UpdateTrading in the six months to 31 August 2026 has been in line with expectations. Net Revenues were 3%* belowlast year, reflecting growth of 2%* in Branded revenues offset by decline of 4%* in Distribution revenues. Branded revenue growth was supported by continued momentum in our core Tennent's and Bulmers brands,favourable weather and targeted marketing activity around the World Cup period. In addition, our Premiumportfolio has grown as we build distribution, and we saw a particularly strong contribution from the Innis & Gunnbrand now under the Group's full ownership. In Distribution, the revenue decline was principally driven by the planned exit of some lower margin customerbusiness, combined with the continued impact of on-going market decline in outlet numbers and certain drinkscategories. Underlying operating profit for the first half is anticipated to be in the range of €43-44m, in line with ourexpectations. We remain on track to achieve full year operating profit in line with market expectations, albeit notingthat the market conditions remain volatile and we have the important Christmas trading period ahead of us. We look forward to sharing more about the Group's strategy at the Capital Markets Day on 24 September 2026.The Group's interim results will be announced on 28 October 2026. * Constant currency basis ENQUIRIES C&C Group plcEmail: investor.relations@candcgroup.ie Investors, Analysts & UK Media:Team LewisJustine WarrenTel: 07785 555692Email:candccapmkts@teamlewis.com Irish Media
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FTI ConsultingJonathan Neilan / Paddy BerkeryTel: +353 86 231 4135 / +353 86 602 5988Email:C&CGroup@fticonsulting.com C&C Group plc About C&C Group plc C&C Group plc is a leading, vertically integrated premium drinks company which manufactures, markets, anddistributes branded beer, cider, wine, spirits, and soft drinks across the UK and Ireland. · C&C Group's portfolio of owned/exclusive brands include Bulmers, the leading Irish cider brand andTennent's, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft cidersand beers, such as Heverlee, Menabrea, Five Lamps, Innis & Gunn and Orchard Pig. C&C exports itsMagners and Tennent's brands to over 40 countries worldwide.· C&C Group has owned brand and contract manufacturing/packing operations in Co.Tipperary, Irelandand Glasgow, Scotland.· C&C is the No.1 drinks distributor to the UK and Ireland hospitality sectors. Operating through theMatthew Clark Bibendum, Tennent's and Bulmers Ireland brands, the Group has a market leadingrange, scale and reach including an intimate understanding of the markets it serves. Together thisprovides a key route-to-market for major international beverage companies. C&C Group plc is an Irish incorporated company headquartered in Dublin and is listed on the London StockExchange. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authorityto act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this informationmay apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the informationcontained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. Forfurther information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END