IN BRIEF: C&C updates cash, profit targets at capital markets day
C&C Group PLC - Dublin-based drinks manufacturer and distributor - Sets its medium-term targets at its capital markets day. C&C expects to reach operating profit in financial 2030 of EUR85.0 million and to generate over EUR100.0 million of cumulative free cash flow between financial 2028 and 2030. C&C also updates its capital allocation framework, targeting leverage of net debt to earnings before interest, tax, depreciation and amortisation of between 1.0 to 1.5 times. The company says it is focussed on paying a sustainable and progressive dividend and on using surplus capital on organic acquisitions.
Current stock price: 106.66 pence, closed down 0.9% on Thursday
12-month change: down 23%
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