C&C Group, the drinks producer and supplier, has reported on a “transformational” 2019, following the acquisition of Matthew Clark and Bibendum.
The Group said it had made a solid start to FY20 with trading to date in line with current market expectations.
The acquisition and subsequent performance of Matthew Clark & Bibendum contributed to earnings growth of over 20%.
The group said following from acquisition, a majority of its revenues and activities were derived from the UK, and so C&C is seeking inclusion in the FTSE index – which will mean applying to cancel the listing and trading of C&C shares on Euronext Dublin.
Stephen Glancey, group chief executive, said: “FY19 was a transformational year for the Group. The acquisition and subsequent performance of Matthew Clark & Bibendum contributed to earnings growth of over 20%. Reflecting the inherent strength of the C&C business today, our objective is to again deliver double digit EPS growth in FY20. Thereafter, we will target EPS growth in a mid to high single digit range.”