C&C Group Plc (CCR.L) Friday said in its year-to-date trading update that it now expects adjusted operating profit to be in the range of 70 million euros to 73 million euros, as a result of the lower operating profits in its Distribution business. The overall trading till date has come is below the Board's expectations, the company added.
On the LSE, CCR.L is down 10.6 percent on Friday's trading at 115.00 pence.
The Irish manufacturer of beverages and drinks said that customer performance during November and early December was adversely affected by subdued consumer confidence following the UK Budget in November. The Board expects fiscal 2027 profits to be broadly in line with the current year, with short-term margin pressure arising from planned exits of lower-margin Distribution volumes.
The Group will provide a more detailed update on its trading performance in May 2026, as has been earlier announced.
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