C&C Group PLC - Dublin-based owner of the Tennent’s, Magners and Bulmers Ireland beer and cider brands - Says financial 2024 results, which were scheduled for release on May 23, will be delayed, and it will provide a new date ‘as soon as possible’. C&C says its auditors need more time to complete a review of some non-cash accounting measurements relating to previous reporting periods.

C&C reaffirms its guidance for about €60 million in underlying operating profit in the financial year that ended in February. This would compare to operating profit of €84.1 million in financial 2023.

C&C also confirmed its plan to return €150 million to shareholders over the next three years.

Current stock price: 169.40 pence, down 1.4% in London on Friday

12-month change: up 9.3%

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