C&C reaffirms its profit guidance

Cider-focused drinks group C&C has reported a resilient close to the calendar year of 2013, leading it to reaffirm its operating profit guidance of €125m to €132m for its current financial year.

The group is chiefly known for its Bulmers/ Magners cider brands. Yesterday it published its third- quarter trading update, covering the three months to the end of November.

The group said that the period saw an improvement in international sales volumes, satisfactory trading over the Christmas period and particularly resilient performances emanating from its Irish and Scottish operations.