C&C Group PLC (LSE:CCR)
£ 1.734 0.014 (0.81%) Market Cap: 674.28 Mil Enterprise Value: 837.38 Mil PE Ratio: 28.90 PB Ratio: 1.07 GF Score: 82/100

Half Year 2020 C&C Group PLC Earnings Call Transcript

Oct 24, 2019 / 07:15AM GMT
Release Date Price: £3.54 (+4.41%)
Operator

Hello, and welcome to the C&C Group Plc FY 2020 Half Year Results Conference Call. (Operator Instructions) Today, I'm pleased to present Stephen Glancey, CEO; and Jonathan Solesbury, CFO.

Please begin the meeting.

Stephen Glancey
C&C Group plc - Group CEO & Executive Director

Good morning, ladies and gentlemen. Thank you for joining our first half results conference call. This is Stephen Glancey. And I'm joined by our Financial Officer, Jonathan Solesbury; and our IR team of Patrick McMahon and Jonny Catto.

I'll take you through our key financial and operational highlights before handing back to Jonathan to go through our financial performance in some more detail.

Before kicking off, I'd like to draw your attention to the disclaimer on Slide 2 of our presentation, which, of course, applies to our discussion today.

If you can turn to Slide 3 and the highlights for the first half. Performance is very strong, with group revenues, net revenues, of course, up 13.5%; operating profit, up 9.2%; and cash conversion of

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