IRELAND: C&C Group stops cider volume rot, revenue slips

By | 27 August 2009

A summer recovery has helped C&C group to halt a volume sales rot in its cider division, but the group's net sales still fell for the first five months of its fiscal year.

Cider volumes for the five months to the end of July rose by 3%, after falling 4% in the four months to the end of June, C&C Group said in a trading update today (27 August).

But, net sales for the division, which consists of Magners in the UK and Bulmers in Ireland, still fell by 4% for the five-month period, compared to the same period of 2008.

Part of the difference between volume and value can be attributed to C&C's 10% price cut on Bulmers, announced in May. Early summer sunshine is also likely to have boosted volume sales.

Total C&C sales for the five months fell 5% on a constant currency basis, dragged down further by a 22% slide in sales at the firm's spirits and liqueurs business, which includes Tullamore Dew Irish whiskey and Carolans Irish Cream liqueur.

The group, which today announced it would buy the Irish, Scottish and Northern Irish business of Anheuser-Busch InBev, reaffirmed that full-year operating profits will be at the top end of the previously stated guidance range of EUR77m (US$110m) to EUR82m.

 

Sectors: Beer & cider

Companies: C&C Group, Anheuser-Busch, InBev

View next/previous articles

Currently reading -

IRELAND: C&C Group stops cider volume rot, revenue slips

There are currently no comments on this article

Be the first to comment on this article

Related articles

BELGIUM: A-B InBev completes refinancing of Anheuser-Busch deal

Anheuser-Busch InBev has said it has completed the refinancing of US$54bn in loans used to create the world's biggest brewer via the most expensive deal in brewing industry history.

In the Spotlight - The Coca-Cola Co, CCE deal

Coca-Cola Co's $12bn deal to acquire the North American operations of Coca-Cola Enterprises has dominated business news headlines in the last 24 hours. Here, just-drinks digests the market reaction.

NZ: New Zealand Wine Co sinks to half-year losses

Charges related to an oversupply of wine in New Zealand have dragged New Zealand Wine Co into the red for its fiscal half-year.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page