March 20, 2020 / 12:58 PM / 12 days ago

BRIEF-C&C Group Says Supply Chain, Production Network Remains Operational

March 20 (Reuters) - C&C Group PLC:

* C&C GROUP - STATEMENT RE COVID-19 UPDATE

* C&C GROUP PLC - GROUP’S SUPPLY CHAIN AND PRODUCTION NETWORK REMAINS FULLY OPERATIONAL

* C&C GROUP PLC - NOW CLEAR THAT COVID-19 WILL HAVE A MATERIAL IMPACT ON GROUP PERFORMANCE IN CURRENT FINANCIAL YEAR (‘FY21’)

* C&C GROUP PLC - EXPECT A MATERIAL REDUCTION TO OUR PRIOR EXPECTATIONS FOR FY21

* C&C GROUP PLC - NET DEBT/EBITDA WAS BELOW OUR TARGET 2.0X AT 29(TH) FEBRUARY 2020 AND INCLUDED C. EUR 137 MILLION (UNAUDITED) OF CASH ON HAND Source text for Eikon: Further company coverage:

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