Statement re Segmental Reporting

Statement re Segmental Reporting

C&C Group PLC

Segmental Reporting

In advance of 2015 first half results, C&C Group plc (“C&C” or the “Group”) announces a change to its segmental reporting to reflect its current organisation structure, business model and management of the Group.

The new segments are outlined below together with detail on how the segment was previously classified. Also included below are revenue, net revenue and operating profit for the six months ending 31 August, 2013 (“H1 2014”) and the 12 months ending 28 February, 2014 (“FY 2014”) under the new segments together with the previous segmental classification.

There is no change to the previously reported Group revenue, net revenue or operating profit.

Segment Classification

       
New Reporting Segment     Previously reported under
Ireland     Previously ROI.

Now includes Northern Ireland.

Scotland     Previously the Scottish results were included within Tennent’s UK, Cider UK and Third Party Brands UK.
England & Wales     Previously the E&W results were included within Cider UK and Third Party Brands UK.
Export     Previously included within International.
United States     Previously included within International.
   

Restated Comparatives

                               
New Reporting Segment     Prior Reported Segment  
FY 2014     Revenue  

Net
Revenue

 

Operating
profit

FY 2014     Revenue  

Net
Revenue

 

Operating
profit

    €m   €m   €m     €m   €m   €m
 
Ireland 395.1 289.7 58.6 ROI 330.6 237.3 48.2
Scotland 238.2 130.2 36.2 Cider UK 164.1 112.8 20.7
E&W 199.7 123.2 15.9 Tennent's UK 216.2 103.6 34.6
Export 25.9 25.8 5.3 International 79.9 77.1 16.0
United States     54.0   51.3   10.7 Third Party Brands UK     122.1   89.4   7.2
                               
Total     912.9   620.2   126.7 Total     912.9   620.2   126.7
                               
H1 2014     Revenue  

Net
Revenue

 

Operating
profit

H1 2014     Revenue  

Net
Revenue

 

Operating
profit

€m €m €m €m €m €m
 
Ireland 217.4 163.0 33.0 ROI 181.2 133.4 28.2
Scotland 119.9 66.0 18.6 Cider UK 92.4 63.7 13.7
E&W 107.7 67.7 9.8 Tennent's UK 109.2 52.7 16.6
Export 13.8 13.8 2.7 International 41.4 40.0 9.7
United States     27.6   26.2   7.0 Third Party Brands UK     62.2   46.9   2.9
                               
Total     486.4   336.7   71.1 Total     486.4   336.7   71.1
 

ENDS

About C&C Group plc

C&C Group plc is a manufacturer, marketer and distributor of branded cider, beer, wine and soft drinks. The Group manufactures Bulmers, the leading Irish cider brand, Magners, the premium international cider brand, Gaymers cider and the Shepton Mallet Cider Mill range of English ciders and the Tennent's beer brand. C&C Group also owns Woodchuck and Hornsby’s, two of the leading craft cider brands in the United States. The Group’s Irish wholesaling subsidiary, Gleeson Group, owns and manufactures Tipperary Water and Finches soft drinks. The Group also distributes a number of beer brands in Scotland, Ireland and Northern Ireland, primarily for Anheuser-Busch Inbev, and owns Wallaces Express, a Scottish drinks wholesaler.

 

C&C Group plc | Contacts

 
C&C Group: Colin Dingwall
Head of IR

Email: colin.dingwall@candcgroup.com

 
Investors, Analysts & Media: Mark Kenny/Jonathan Neilan
FTI Consulting
Tel: +353 1 663 3686

Email: CandCGroup@fticonsulting.com

Companies

C&C Group (CDI) (CCR)
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