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Sweetness: C&C earnings will be 'ahead of estimates'

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Bulmers cider

Bulmers cider

Bulmers cider

Bulmers maker C&C expects earnings for the 12 months to the end of February to be "marginally ahead" of current market estimates.

The process to appoint a new CEO is progressing, with global executive search firm Spencer Stuart engaged, the company said. The new CEO will replace Stephen Glancey, who is retiring.

C&C will announce preliminary results for financial year 2020 on May 13. Analysts at Davy Stockbrokers said the update confirms a "good finish" to the year.

The guidance assumes no material or prolonged impact from the coronavirus, which C&C said it is monitoring closely.

Irish Independent