C&C reports 9% drop in revenue

DRINKS group C&C has reported a 9% year-on-year drop in third quarter revenue; driven by sales declines in its core cider business.

However, the Dublin and Clonmel-based business said its recent acquisition of Scottish lager brand Tennent’s should boost full-year figures for the 12 months to the end of February.

In a trading update yesterday, C&C said revenue for the three months to the end of November fell on the back of a 13% drop in cider sales and a 4% decline in revenue at its non-core spirits and liqueurs division.