C&C warns on profits after fall in Scottish sales
The Irish firm, which also owns the Bulmers and Magners cider brands and drinks wholesaler Wallaces, said volumes in Scotland during the three months to 30 November were 2.4 per cent lower than a year earlier.
“The group’s core markets, however, are expected to continue to provide resilient levels of profitability and cash flow,” it added.
Advertisement
Hide AdAdvertisement
Hide AdC&C said that, following the weaker-than-expected trading conditions, it now expects to deliver a full-year operating profit of about €115 million (£89m), down from €126.7m in the previous year.
It added: “Looking beyond 2015, the group expects the core markets of Ireland and Scotland to continue delivering resilient performance through strong, brand-led multi-beverage operating models.”