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Drinks

C&C Group Trading Update – What The Analysts Said

Drinks firm C&C Group has made a 'solid start' to its FY20 trading year, the Magners cider maker said in a trading update to coincide with its AGM.

In the statement, C&C Group added the it is seeking inclusion on the FTSE UK Index Series, given that the majority of its earnings and activities now take place in the UK following the Matthew Clarke and Bibendum acquisition last year.

Commenting on its performance, Stephen Glancey, C&C's chief executive said, "Reflecting the inherent strength of the C&C business today, our objective is to again deliver double digit EPS growth in FY20. Thereafter, we will target EPS growth in a mid to high single digit range.”

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