C&C expects profit boost despite ‘challenging trading backdrop’

C&C group, the company behind Bulmers cider, expects to report higher operating profits and revenues for the end of the year to February “despite a challenging trading backdrop”.

The drinks group said on Thursday in a pre-close statement it expects net revenues for the year end February 28, 2023 to be around €1.69 billion, an 18 per cent increase from 2022, while volume is set to be up 4 per cent.

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