C&C says sales revenue in year ended Feb 28, 2009 down 13%; Market conditions in Ireland and GB are “getting worse”
Mar 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
C&C, the drinks group, today said in a trading statement for the year ended Feb 28, 2009, that revenue from continuing operations, is expected to decline by approximately 13% versus FY 2007/08, and the group's overall Operating Margin is expected to decline by around 3.5 percentage points. C&C said forecasting consumer behaviour in the current trading environment is very difficult. Market conditions in both Ireland and GB are, if anything, "getting worse and increased price sensitivity by consumers plainly presents risk to our premium brand portfolio."