C&C Group PLC (FRA:GCC)
€ 1.73 0 (0%) Market Cap: 658.03 Mil Enterprise Value: 861.03 Mil PE Ratio: 0 PB Ratio: 1.15 GF Score: 72/100
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Full Year 2023 C&C Group PLC Earnings Call Transcript

May 24, 2023 / 07:30AM GMT
Release Date Price: €1.49 (+1.36%)
Ralph Graham Findlay
C&C Group plc - Independent Chairman

Okay. Good morning, everybody, and welcome to the presentation of C&C plc's full year results. I'm Ralph Findlay, the chair, and I'm joined this morning by Patty McMahon, the group CEO. Last week's announcement including the Board changes was obviously not expected, but I am really delighted that Patty has been appointed as the CEO. And before Patty goes into the detail, I'm just going to summarize the FY'23 highlights, progress against strategy and the FY'24 outlook.

In terms of FY'23, the significant reduction in leverage to 1.3x and the robust financial performance have enabled a return to dividend payments with a final declared dividend of EUR 3.79 per share. Looking at the progress against strategy, we made clear market share gains in all the key categories of cider and beer, and we achieved significant growth in achieved revenue per customer.

Looking forward to FY'24, the underlying business is strong despite the impact of the ERP upgrade. And our immediate priorities are, therefore, very clear to continue to make

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