• Magners volumes rise 5% in Q3
  • Net sales dip
  • Group retains profits guidance
Magners and Bulmers volumes rise in C&C Groups Q3

Magners and Bulmers volumes rise in C&C Group's Q3

Resurgent demand for Magners cider in the UK has helped owner C&C Group to maintain its full-year profits guidance.

Magners cider sales rose by 5.6% in volume for the three months to the end of November, C&C Group said today (14 January). It said that volumes also increased strongly over the Christmas period.

The figures build on the first six months of C&C Group's year, when the company registered its first rise in Magners volumes in the UK since 2007. The group today reaffirmed its operating profits guidance of between EUR102m (US$136.3m) and EUR106m for the full-year.

Net sales continued to decline in the third quarter, although less severely than in the first half. Sales in the firm's core cider business, including Magners in the UK and Bulmers in Ireland, dipped by 0.5% on the same period ofthe previous year. Sales in the first-half dropped by 5%.

Net sales in Ireland fell by 2% for the third quarter, although this, too, marked an improvement from the 8% drop in sales in the first six months. Bulmers' sales volumes increased by 2.4% for the third quarter.

C&C said that trading in Ireland remains "challenging and unpredictable". The group said in October that it would cut a further 50 jobs at its Bulmers operations in Clonmel, where its production facilities have a large amount of unused capacity.

The company said that its acquired brands, Tennent's and Gaymers, continued to perform well in the third quarter.