Bulmers maker C&C profits soar 75% following price increases

Last week, C&C said one of its units had faced delays in time and costs to integrate a business management software, which is expected to have a one-off impact on the group's profit in fiscal 2024.

In its Irish division, the company saw net revenues climb more than 24% to €278m, driven by the reopening of on-site trade post-pandemic.

Irish premium drinks company C&C posted a sharp rise in annual profits, driven by a series of price increases in an inflationary environment.

The Bulmers cider maker reported an operating profit of €84m in the year to the end of February, surging 75% compared to the previous year, despite a “challenging backdrop”.