By Irishexaminer.com,Ronan Smyth

Copyright irishexaminer

Revenues at the company’s wholesale suppliers Matthew Clark Bibendum have been down slightly during this period with C&C Group saying this is a reflection of “lower volumes in our national customers in line with market trends, especially within the wines and spirits categories”.

The company said that its underlying profit for the year is expected to be in the range of €41.5m to €42m, in line with expectations.

Following the transfer of control of Magners UK back to C&C Group in January 2025, the company said it has commenced “activities to re-invigorate the brand”.

Despite the challenging economic backdrop the company said it will “continue to invest in the business to improve performance, support growth and ensure we deliver for all our customers and Consumers”.

“We have the all-important Christmas trading period ahead of us, we remain on track to achieve operating profit in line with market expectations.”

The company has also announced that its chief financial officer Andrew Andrea is to step down and take over as chief financial officer at the UK and Irish arm of the pizza chain Dominos.

He will remain in place until the current financial year is completed and will step down from his role at C&C Group no later than March 13 next year.

C&C Group said the search for a new chief financial officer will start immediately.

Chief executive of C&C Group Roger White thanked Mr Andrew for his contribution to the company saying he “ played a significant role in the stabilisation and improvement of the business”.