Tennent’s and Bibendum owner C&C Group has issued a trading statement, outlining financial performance for the 10 months to the end of December.

The company said full-year 2024 operating profit is expected to be in line with current market expectations. C&C described Christmas trading as “resilient” despite some adverse weather. Branded net revenues are up 6%, while distribution net revenues are down 3%, the group said.

According to the statement: “Service levels, defined as on-time-in-full, were industry leading in the GB distribution business over the Christmas trading period.

“While current market conditions remain challenging, mitigating inflationary impacts, improved operating efficiency, business simplification, and gaining customers continue to be the group’s operating priorities in the medium term.”

C&C will release full-year financial results in May.

The company recently appointed Andrew Andrea, former chief executive of Marston’s, to the role of chief financial officer.