Drinks

C&C To Incur One-Off Charge In Fiscal 2024

By Donna Ahern
C&C To Incur One-Off Charge In Fiscal 2024

Bulmers owner C&C Group Plc said on Friday one of its units had faced delays in time and costs to integrate a business management software, which is expected to have a one-off impact on the group's profit in fiscal 2024.

The company also announced chief executive officer David Forde will step down after almost three years and the group's finance chief Patrick McMahon will take over, effective immediately.

Enterprise Resource Planning

The implementation of the Enterprise Resource Planning system (EPR) in the Matthew Clark and Bibendum business (MCB) was taking longer than expected, which is now expected to impact the unit's profitability, the company said in a statement. C&C acquired the Matthew Clark and Bibendum business in 2018.

The company, which manufactures and distributes branded beer, cider, wine, spirits and soft drinks across the UK and Ireland, expects a one-off impact of about €25 million ($27.52 million) associated with ERP system disruption in FY2024, it added.

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Carbon Emissions Reduction 

In August last year, C&C Group announced that it is committed to reducing its carbon emissions by 42% over the next year.

To accelerate GHG emission reductions, C&C Group has contracted Irish decarbonisation firm CoolPlanet to ‘significantly’ decarbonise its Clonmel (Bulmers) site’s direct carbon emissions.

Decarbonisation is the term used for the removal or reduction of carbon dioxide (CO2) output into the atmosphere.

Read More: Bulmers Targets 42% Reduction In Carbon Emissions Over Next Year

News by Reuters edited by Donna Ahern, Checkout. For more drinks stories click here. Click subscribe to sign up for the Checkout print edition.

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