Irish drinks group Cantrell & Cochrane today reported that it expects its sales for the year to be up 25 per cent on last year following a strong performance by its cider brand Magners in the UK.
The group said the exceptional weather in the UK last summer helped boost sales of the drink.
The group's overall operating margin is also expected to increase by approximately six percentage points for the full year.
The C&C group's CEO Maurice Pratt said: 'Magners in Great Britain has delivered tremendous results for C&C in 2006/07. Our primary focus in 2007/08 will be to enhance our market position in Great Britain.
Mr Pratt also said that the group intends to carry out market tests for Magners in other European markets this year.
Shares in C&C were down over €1 at €10.60 on the Iseq by 10.30am.
