C&C warns of 8% fall in first-half revenue

DRINKS group C&C expects first-half revenue to be down by 8% following a poor summer and increased competition.

In a trading statement yesterday it said revenue at its cider unit for the six months to 31 August will fall 11%. Almost three-quarters of C&C’s revenue comes from cider.

Bulmers cider volumes in Ireland are expected to show a decline of 11% in the in the half year, while Magners volumes are expected to show a decline of 15%.