C&C Group Plc (CCR.L), an Irish maker of alcoholic drinks, said on Monday that the first-half financial results are in line with its expectations.
C&C Group also said the second tranche of its share buyback of 15 million euros will commence on September 9.
For the six-month period to August 31, the company expects underlying operating profit of 39 million euros to 41 million euros.
This reflects the phased rebuilding of its distribution business profitability following last year's ERP disruption.
Revenue is expected to drop 3 percent, hurt by the disposal of NAB business in Ireland, lower contract brewing volumes, and softer cider volumes in GB.
The Board has also reaffirmed its intention to distribute at least 150 million euros to shareholders over three years.
Looking ahead, the Group, said: "While current market conditions remain challenging, improving efficiencies, business simplification, winning customers and brand distribution remain our top priorities. We remain confident on achieving our operating profit target for the current financial year and making progress towards the operating profit target of €100m by FY2027."
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.