C&C Group Plc
18 October 2005
C&C confirms termination of distribution agreement with Danone
CCR.I CCR.L
Dublin, London, October 18th, 2005: C&C Group plc ('C&C' or 'the Group'), the
leading manufacturer, marketer and distributor of branded beverages and snacks
in Ireland, today confirmed that it has received notice from Danone terminating
the distribution agreement for the VOLVIC and EVIAN brands in the Republic of
Ireland with effect from 30 November 2005.
While this termination will impact the profitability of the Soft Drinks & Snacks
division, where it accounts for turnover of approximately €12 million per annum,
it is not expected to impact upon the Group's overall financial performance for
the full 2005/6 fiscal year.
About C&C Group plc
C&C is one of the largest manufacturers, marketers and distributors of branded
beverages in Ireland and Northern Ireland and savoury snacks in Ireland. The
Group owns several of Ireland's most recognised beverage and savoury snacks
brands, with leading market shares in various segments of the Irish beverage and
savoury snacks markets, including Bulmers cider, Ballygowan bottled water, Club
soft drinks and Tayto crisps. Additionally, the Group distributes in Ireland
leading international brands owned by third parties, such as 7UP and Pepsi soft
drinks and a wide-ranging portfolio of wines and spirits. In addition to its
Irish operations, the Group exports spirits and liqueurs to over 80 overseas
markets and exports Magners cider to the United Kingdom, the United States and
Continental Europe.
Investors and analysts Irish Media International Media
Mark Kenny/Jonathan Neilan Paddy Hughes/ Ann-Marie Curran Edward Orlebar
K Capital Source Drury Communications Finsbury Group
Tel: +353 1 631 5500 Tel: +353 1 260 5000 Tel: +44 20 7251 3801
Email: c& Email: phughes@drurycom.com Email:
cgroup@kcapitalsource.com edward.orlebar@finsbury.com
This information is provided by RNS
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