C&C sees strong brand performance in H1

Premium drinks manufacturer and supplier C&C Group has achieved net revenue growth of 13.5% over the six months to 31 August 2019, to €874.9m.

Adjusted EBITDA was up by 8% to €71.5m, while operating profit grew by 9.2% to €63.8m.

The business, which manufacturers, markets and distributes branded beer, cider, wine, spirits and soft drinks in the UK and Ireland, noted the resilient brand performance of Tennent’s, Magners – which achieved share gain in Great Britain – and Bulmers, among its operational highlights.

During the first half period, C&C also saw revenue from its super-premium craft portfolio increase by 21%, making up 8.5% of all branded revenue.

Chief executive Stephen Glancey said he was pleased with the progress of the business over the first half of the financial year.

“Last year was exceptional with a World Cup and a hot summer boosting demand. Despite challenging year-on-year comparatives we have delivered a resilient revenue performance in our core brands.

“Despite the economic uncertainties linked to macro and political issues, current trading is in line with expectations,” he added.