C&C predicts 13% fall in revenue over past year

C&C says it expects revenue to fall by 13% for the year ending February 2009.

In a trading statement, the drinks distributor says it expects adjusted profits for the year of around €90m.

The group expects cider sales to be down 17%, representing a 14% decline for Bulmers Ireland and 23% for Magners in the UK.

It is also also predicting that market conditions in the UK and Ireland will get worse.