Cider continues to boost C&C's performance

Drinks and snacks group C&C says it is set to post a 9% rise in group turnover for the year to the end of February as its key cider business achieved sales growth of about 30%.

In a trading statement, the company says that its full-year operating margin (before exceptional items) should be broadly unchanged despite significantly increased marketing investment.

With regard to the next two years the statement read: "C&C plans to extend the distribution of Magners to the principal centres of population in England and Wales in 2006/7 and to support this roll-out with a national media campaign.

"The successful implementation of this plan and continued share growth in existing markets for the Group’s cider business underpins the Group’s expectation of continued operating profit growth in 2006/7. The timing and scale of the marketing investment involved in the Magners roll-out, however, will limit profit growth in the six months ending August 2006."

More in this Section

Plans lodged for 368 'boutique' student bed spaces in Dublin's LibertiesPlans lodged for 368 'boutique' student bed spaces in Dublin's Liberties

Painkiller OxyContin manufacturer files for bankruptcyPainkiller OxyContin manufacturer files for bankruptcy

CSO figures show huge increase in Ireland's exports in JulyCSO figures show huge increase in Ireland's exports in July

Trump approves release of oil reserves if needed after Saudi attackTrump approves release of oil reserves if needed after Saudi attack


Lifestyle

It still surprises me as I am achingly private and do not enjoy being at the centre of attention.This Much I Know: Actor Aislin McGuckin

Bride Geraldine O’Donovan felt as wonderful as she looked on her big day — knowing she was supporting a cause close to her heart as she donned her wedding gown.Wedding on the Week: Supporting a cause close to their hearts

I did my Leaving Cert in June and have just started college this week, so my school experience is extremely fresh in my memory. I went to Davis College in Mallow and it was a fantastic experience. I was the loud obnoxious child at the back of the classroom from day one. I had to (and still do, by the way) have an opinion on everything.Stand up and be counted : The Young Offender's Demi Isaac Oviawe on college and school life

When I was in secondary school I started working part-time as a waitress and I suppose I caught the hospitality bug back then.You've been served: General manager at Inchydoney Island Lodge & Spa Caitriona O’Keeffe

More From The Irish Examiner