Bulmers owner C&C report 10% growth in sale revenue following period of 'significant challenges'

In May, the group incurred a €25m one-off charge related to system upgrade issues, along with the sudden resignation its CEO

Following the one-off charge, C&C said its leverage would "temporarily increase," however, it expected it to be within the Group’s leverage target range of 1.5x to 2x for the end of the financial year in February 2024

Net sales revenue for the C&C Group's branded businesses grew more than 10% in the four months to the end of June following a period of significant challenges for the company. 

Ahead of its Annual General Meeting which will be held at 11 am on Thursday, the Group announced its core brands, principally Tennents and Bulmers, were up 9% in the same period, with each product continuing to grow strategy share.