Annual
Report
20
21
Financial Highlights
Profitability
Net Revenue
€736.9m
Decrease of -56.1%
Operating Profit
€59.6m
Balance Sheet
Liquidity
€314.6m
Net Debt
€441.9m
Shareholder Return
Dividend
Suspended
"Continued health, safety, and wellbeing of our stakeholders remains our top priority."
Chairman’s Statement
Read Statement"Our ambition is to be the preeminent brand-led drinks distribution platform in the UK and Irish markets."
Group Chief Executive Officer’s Review
Read Statement"COVID-19 and related restrictions have had an unprecedented impact on the drinks and hospitality sector."
Group Chief Financial Officer’s Review
Read Statement"With approximately 80% of C&C’s pre COVID-19 revenue derived from the hospitality sector, the pandemic has presented an unprecedented challenge for C&C. The team have responded with immediate and decisive action to secure the near term: maximising liquidity; supporting our customer base; streamlining costs and responding to off-trade demand with a change in consumption dynamics. We have continued to execute our strategy and are well positioned as the hospitality sector reopens. I would like to extend my appreciation to every C&C colleague for their commitment and flexibility during this period."
David Forde
Group Chief Executive Officer
How we create sustainable value...
Manufacture
Market
Distribute
C&C is the No.1 independent drinks distributor to the UK and Ireland hospitality sectors, occupying a fundamental role in the infrastructure of the UK and Irish drinks market as key route-to-market partner for local and international beverage brand owners.
Delivering to a better world!
1
Reduce our Carbon Footprint
2
Sustainably Source our Products & Services
3
Ensure Alcohol is Consumed Responsibly
4
Enhance Health, Wellbeing & Capability of colleagues
5
Build a more Inclusive, Diverse & Engaged C&C
6
Collaborate with Government & NGO's
In FY2021, to enhance our commitment to Sustainability, we established a Board Environmental, Social and Governance (‘ESG’) Committee and created a dedicated ESG team, across the Group, to champion and embed our ESG principles in everything that we do.
Annual
Report
20
21
Financial Highlights
Profitability
Net Revenue
€736.9m
Decrease of -56.1% on a constant currency basis
Operating Loss before Exceptional Items
€59.6m
Balance Sheet
Liquidity
€314.6m
Net Debt Including Leases
€441.9m
Net Debt Excluding Leases
€362.3m
Shareholder Return
Dividend
Suspended
"Continued health, safety, and wellbeing of our stakeholders remains our top priority."
Chairman’s Statement
Read Statement"Our ambition is to be the preeminent brand-led drinks distribution platform in the UK and Irish markets."
Group Chief Executive Officer’s Review
Read Statement"COVID-19 and related restrictions have had an unprecedented impact on the drinks and hospitality sector."
Group Chief Financial Officer’s Review
Read Statement"With approximately 80% of C&C’s pre COVID-19 revenue derived from the hospitality sector, the pandemic has presented an unprecedented challenge for C&C. The team have responded with immediate and decisive action to secure the near term: maximising liquidity; supporting our customer base; streamlining costs and responding to off-trade demand with a change in consumption dynamics. We have continued to execute our strategy and are well positioned as the hospitality sector reopens. I would like to extend my appreciation to every C&C colleague for their commitment and flexibility during this period."
David Forde
Group Chief Executive Officer
How we create sustainable value...
Manufacture
Market
Distribute
C&C is the No.1 independent drinks distributor to the UK and Ireland hospitality sectors, occupying a fundamental role in the infrastructure of the UK and Irish drinks market as key route-to-market partner for local and international beverage brand owners.
Delivering to a better world!
1
Reduce our Carbon Footprint
4
Enhance Health, Wellbeing & Capability of colleagues
2
Sustainably Source our Products & Services
5
Build a more Inclusive, Diverse & Engaged C&C
3
Ensure Alcohol is Consumed Responsibly
6
Collaborate with Government & NGO's
In FY2021, to enhance our commitment to Sustainability, we established a Board Environmental, Social and Governance (‘ESG’) Committee and created a dedicated ESG team, across the Group, to champion and embed our ESG principles in everything that we do.