May 16, 2018 / 6:12 AM / in 3 months

BRIEF-C&C FY earnings dip 6.3 pct y/y, in line with expectations

May 16 (Reuters) - C&C Group PLC:

* FY RESULTS IN LINE WITH ANALYST EXPECTATIONS, DESPITE WEATHER DISRUPTION ACROSS SECTOR

* COMPARABLE OPERATING MARGINS DECREASED 40BPS TO 15.7% DRIVEN BY BRAND INVESTMENT AND BUSINESS MIX

* FOLLOWING ACQUISITION OF MATTHEW CLARK FOCUS WILL BE TO DE-LEVER GROUP TO MEDIUM TERM TARGET OF 2X NET DEBT

* FINAL DIVIDEND OF 9.37C PER SHARE, TAKING TOTAL DIVIDEND FOR YEAR TO 14.58C, AN INCREASE OF 1.7%

* CURRENT TRADING IN LINE WITH EXPECTATIONS

* FY ADJUSTED EBITDA 100.4 MILLION EUROS VERSUS 107.2 MILLION YEAR AGO, DOWN 6.3 PERCENT Source text for Eikon: Further company coverage: (Reporting By Padraic Halpin)

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