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C&C cider sales up slightly over Christmas

C&C has reported a 1pc increase in the sales of its Bulmers/Magners brands over Christmas.

It expects full-year operating profit to be €110 – within range of its previous expectations.

The company also saw continued growth in Magners exports in the three month period with a near 32pc increase in volume.

However, it said that Bulmers net revenue remained under pressure from a weak pub trade in Ireland and increase in pricing in Irish off licences.

C&C said that despite the challenging conditions, the earnings contribution from the Irish business this year is expected to be broadly in line with last year, with trading more ''robust'' in December than the previous three months.