Belfast Telegraph

C&C's cider sales soar in sunshine of springtime

By Staff Reporters

Drinks company C&C received a welcome boost from "decent" weather in March and May but warned currency fluctuations may wipe out any gains made at the start of the year.

Good weather helped the company to a 9% increase in Bulmers sales in Ireland, which will come as relief to the firm that saw its business hampered by poor conditions in 2015. Bulmers is the equivalent of Magners sold in the UK.

Speaking at the company's AGM yesterday, chief executive Stephen Glancey said the company would consider buying other brands in the island of Ireland, and businesses in Britain.

However, he said that "the pricing has to be right and it has to be sustainable".

Mr Glancey also said acquisition opportunities may emerge in a year or so due to consolidation caused by the merger of Anheuser Busch and Ab InBev.

Belfast Telegraph

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