C&C Group Announce Results for Year Ended 28th February 2014

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C&C Group have announced an operating profit of €126.7 million for the year ended 28 February 2014, a 10.6% increase from the year before.The drinks group reported a particularly strong performance in Scotland, following their purchase of Wallaces Express.

Tennent’s operating profits increased by 18.9% to €34.6m, with on-trade volume growing by 3.1%. Also, despite a 10% decline in Magner’s brand volume in the UK, the brand increased by 6.5% in Scotland, with Magner’s Golden Draught up 17.6%

Chief executive Stephen Glancey said: “FY2014 is our fifth successive year of earnings growth and our full year outcome represents a robust performance with continued progress against all financial measures. This performance was delivered while managing the change associated with the integration of recent acquisitions in Ireland, Scotland and the US.”

Category: News
Tags: c&c, Magners, Tennent's C&C Group, Tennents