C&C sees rise in cider sales

Drinksmaker C&C said today it expects its full year operating profit will be €110 million, within the range of its previous guidance.

The group said it had seen an improvement in trading in Ireland and the UK during the Christmas period with volumes of its cider brands Bulmers and Magners up by 1 per cent on the same period a year earlier.

In an interim management statement issued this morning, C&C said Magners performed particularly well in the UK in the three months to the end of November last with a 5.8 per cent in volume and a 7.8 per cent increase in net revenue.

Exports of Magners outside of Ireland and the UK also rose with a 31.9 per cent increase in volume in the third quarter.

Magners export volumes accounted for 14.6 per cent of total Magners sold in the nine months to November 30th.

Bulmers net revenue remains under pressure from a weak on trade and an increase in promotional pricing in the Irish off trade, the group said.

In the third quarter, cider volumes in Ireland fell by 4.6 per cent while cider net revenues declined by 12.3 per cent.

Beer volumes in Ireland rose by 23 per cent in the third quarter, while beer net revenues increased 11.3 per cent.

Despite the challenging top line in cider, earnings contribution from the Irish business in this financial year are expected to be broadly in line with last year.

C&C has today also announced the appointment of Joris Brams to the newly-created position of managing director of its international division.

Mr Brams, a Belgian national, joins C&C from Puratos Group, a privately owned Belgian company which supplies products and services to the bakery, patisserie and chocolate sectors in more than 100 countries with over 5,500 employees.

As group operations director, he had direct responsibility for 65 sites world-wide together with overall responsibility for production, supply-chain management and procurement.

Mr Brams previously served as group technical and development director at brewer Scottish & Newcastle. Prior to that, he held a number of commercial roles at Alken-Maes Breweries, a Belgian brewer and subsidiary of Danone.

C&C group chief executive Stephen Glancey said the appointment of Mr Brams would support the company's continued growth and development of its international division.