C&C Group plc Reports Revenue Results for the Nine Months Ended November 2013; Reiterates Earnings Guidance for the Full Year of Fiscal 2014
The company's Irish volumes for the nine months to end of November rose by 3.5% while net revenues jumped by 176%. But trading for the company's Cider UK division remained challenging. The performance of its cider brands was broadly in line with the first half. Volumes fell by 13.5% while net revenues declined by 17.5% in the nine months to end of November. C and C said its international volumes grew on the back of growth from cider and beer sales in Europe and some newer markets. Volumes for the nine months to November jumped by almost 90% while net revenues soared by 92%.