Robust Performance by C&C Group

 Breaking News
  • Building the Unilever of the Future Unilever has announced the next steps in its transformation into a simpler, more agile and more focused business. The changes are designed to further drive long-term performance and shareholder value, and build upon the company’s Connected 4 Growth programme. Unilever will simplify its corporate structure. This entails moving from two legal entities – Unilever NV and [...]...
  • Irish Whiskey Association Welcomes 14% Increase in Exports in 2017 Irish whiskey exports recorded a 14.2% increase in value in 2017, according to the Central Statistics Office’s (CSO) 2017 Trade Statistics report. Irish whiskey is exported to over 135 international markets. The category saw a 16.7% increase in exports to the US, its largest export market; a 15.7% increase in exports to Canada and 9.2% increase in [...]...
  • 1 in 5 Meals Eaten Out of Home as European Consumers Favour Service Over Home Cooking More flexible menus and an increase of meal occasions from breakfast and all day brunch through to dinner has led to a €4.1 billion increase in food service sales in 2017 to €335.9 billion according to a new report launched by IRI GIRA Foodservice. One in five meals (18% of all meals) are consumed outside the [...]...
  • Nestlé UK & Ireland Cuts More Than 60 Billion Calories in Just Three Years The amount of sugar in Nestlé’s UK and Irish products has been reduced by more than 2.6 billion teaspoons since 2015 thanks to an ongoing, intensive programme of innovation and reformulation. A report, issued by Nestlé, reveals that more than 60 billion calories have also been removed from Nestlé UK & Ireland’s portfolio in the [...]...
  • Müller Targets New Segments of UK Yogurt Category Müller UK & Ireland has announced two new yogurt products as it continues to develop, manufacture and market a new generation of branded yogurt and desserts products. The dairy company, which is the Official Yogurt of British Athletics*, has revealed Müller Quark Yogurt and Müller Corner Lactose Free*, with both products launching in March and May [...]...

Robust Performance by C&C Group

Robust Performance by C&C Group
May 17
11:25 2012

C&C Group, the Irish and UK branded cider and beer business, has increased operating profit before exceptional items by 9% to Eur111.2 million for 2012, despite a 4.8% drop in net revenue to Eur480.8 million. Operating margins improved to 23.1% up 2.9 ppts reflecting the group’s strategic focus on driving brand value and greater operational efficiencies. This operating margin improvement was achieved without reducing the level of brand investment, with C&C Group continuing to invest approximately 13% of net revenue behind its key brands.

The Magners brand delivered positive volume and revenue growth in the competitive cider market in Great Britain and export volume growth of 28% principally driven by North American and Australian markets. The Tennent’s lager brand grew operating profits by 22.5% in the year; with Irish volumes rising by 64%.

Although group volumes declined 10.5%, the positive impact of brand mix reduced the net revenue decline to 4.8%, on a constant currency basis. Both the Republic of Ireland and GB markets experienced on-trade volume declines as consumer sentiment remained weak, while continued off-trade promotional activity and the challenge of new entrants resulted in another competitive year across the cider and beer categories.

Stephen Glancey, chief executive of C&C Group.

However, the group’s well invested brands and market positions enabled it to grow operating profits in the year supported by tight cost control and ongoing innovation. In addition, the group improved its operational efficiencies by securing new third party packaging contracts.

C&C Group has also continued to expand its international cider business during the year with the acquisition of the Hornsby’s brand in the United States and with the contracting of new distribution agreements in key markets for its core Magners brand.

“This has been a robust year for the group,” says Stephen Glancey, chief executive of C&C Group. “C&C is now a focused cider-led LAD business. While we remain cautious about the near term prospects of our core markets, the continuing global growth of the cider category, and C&C’s unique position within the sector, underscore our belief in the prospects of our business. C&C’s balance sheet strength and free cash flow characteristics will enable us to capitalise on organic and acquisition growth opportunities.”

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • March 15, 2018Coffee & Tea Russian Expo
  • March 18, 2018ProWein
  • March 21, 2018World Olive Oil Exhibition
  • March 28, 2018FOOD INDUSTRY
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here