C&C encouraged by exchanges in recent weeks

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Beverage group C&C said it had been encouraged by the resumption of trade in the UK since the gradual reopening from April and in Ireland from June 7 with the reopening of outdoor hospitality.

In a trade update ahead of its AGM today, C&C noted that restrictions in both markets remain, with the timing and nature of further easing still uncertain.

In the week ending June 27, C&C said it delivered to 82% of businesses compared to the same week in 2019.

He said that as social distancing and domestic restrictions remain in place, volume throughput is negatively affected by current operating customers.

“Nonetheless, we are encouraged by the trade of recent weeks, the good weather helping foreign trade during the period,” he added.

The group has a large portfolio of alcoholic and non-alcoholic beverages, including brands such as Bulmers, Magners and Tivez’s, Blackthorn Cider, Santa Rita and Moondara wines, Tipperary Water and Finches.

C&C also said that following the gradual easing of restrictions since April and the partial recovery of the home market, it recorded modest trading profit in May, which improved further in June.

David Forde, managing director of C&C Group, said that despite restrictions still in place and confirmed delays to the full reopening, he remains cautiously optimistic about the gradual recovery of the hospitality sector in its main markets of the Kingdom. United and Ireland.

He said the company looks forward to continuing to support its customers as the restrictions are removed.

“As we move through this time, our aim is to continue to develop and develop the strength of our brand and our system, which underpins C&C’s position as a leading brand distributor in the UK and Irish market. drinks, ”said David Forde.

“Our recent successful capital increase has strengthened the balance sheet and positions the group to take advantage of opportunities to strengthen and grow our business as we return to a more normalized business environment,” he added.


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