C&C Group PLC (STU:GCC)
€ 2 -0.02 (-0.99%) Market Cap: 780.34 Mil Enterprise Value: 970.14 Mil PE Ratio: 28.83 PB Ratio: 1.07 GF Score: 82/100
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Half Year 2024 C&C Group PLC Earnings Call Transcript

Oct 26, 2023 / 07:30AM GMT
Release Date Price: €1.57
Ralph Graham Findlay
C&C Group plc - Executive Chairman

Good morning, everybody, and welcome to this presentation of C&C's interim results. Hosting the call, you've got me, Ralph Findlay, Chairman; and Patty McMahon, Chief Executive.

So turning to the slide on Page 3, the key takeaways. I think the first thing to point out is that we have reported EBIT in the first half of EUR 30.5 million and that is net of an estimated EUR 22 million of ERP impact that we've described previously.

I'm pleased to report that the service levels in the GB Distribution business have been restored and the key metric that we target in that area is the OTIF score. And we're now back to an indeed slightly above pre-ERP implementation levels. So that has been good progress.

We have had an excellent performance from our strong brands, Bulmers in Ireland, and Tennent's in Scotland, with across the 2 brands of Bulmers and Tennent's net revenue growth of 9%.

Just coming back briefly to the ERP system implementation. The operations within the Distribution business are now consolidated

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