C&C struggles as economic challenges impact earnings
- C&C Group announced lower earnings due to poor trading conditions in early 2025.
- The company attributed its struggles to decreasing cider sales and rising costs in the hospitality sector.
- Investment and future strategies are being planned to navigate ongoing economic challenges.
In a challenging economic environment, C&C Group, the Dublin-based brewer known for products like Magners cider and Jubel beer, has reported disappointing financial results for the year ending in February 2025. The company disclosed that its underlying earnings before interest and tax would fall between 76 million euros and 78 million euros, slightly below their target, primarily due to poorer trading conditions in January and February. This marks an increase from the previous year's 60 million euros but reflects ongoing struggles within the hospitality sector. The backdrop of their disappointing results includes lower cider sales in Britain during a crucial summer sales season, which negatively impacted overall performance. While the group did see some growth in their distribution business, which supplies drinks through the UK and Ireland, it was not enough to counterbalance the dip in cider sales. This decline has been attributed to various