C&C blames weather, equipment, the economy for falling revenues

DRINKS group, C&C has warned that its first-half revenues — for the six months to the end of August — will probably show a decline on levels reported for the same period last year, when revenue topped €375.6 million.

In an interim management statement, published yesterday in conjunction with its annual general meeting, the group — which makes the Bulmers and Magners cider brands — also said that revenue for the four months to the end of June; basically the first four months of its financial year, have seen an 8% year-on-year decline.

Within this group figure, the cider division of the business saw a 10% like-for-like fall in revenue, and the spirits and liqueurs arm saw revenue fall by 3%.