C&C Group, a UK-based manufacturer, marketer and distributor of branded cider and beer, has reported net revenues of €336.7m, an increase of 27.8%, for the six months (H1) ended 31 August 2013 compared to €263.4m during the same period in 2012.
Operating profit in the H1 was €71.1m, up by 7.9%, compared to operating profit of €65.9m in the comparable period last year.
C&C Group CEO Stephen Glancey said that during this transition phase, their objective is to move towards a multi-beverage model in their domestic markets; and to position the business to participate in meaningful international category growth.
"While we continue to focus on operating efficiency, operating expenses in the period include significant investment in future areas of growth including Shepton Mallet Cider Mill and our US cider business," Glancey added.
"FY 2014 is a transition period for C&C. Integration and performance of recently acquired businesses is a core focus. We are transitioning to a multi-beverage model in our domestic markets and continue to position the business to capitalise on international category growth."
