C&C has warned that its profits are set to fall following poor sales in the last four months of 2014. The drinks group is now forecasting profits of €115m for its financial year, which ends in February - down from €127m in the previous year.
This statement comes after sales failed to turn around over the busy festive period.
Irish sales were down by 3.4 percent during quarter, although it had seen strong sales in the first half of the year.
In England and Wales cider sales were down by just under 10 percent - with net revenues falling by 18.2 percent.
Volumes fell by 2.4 percent in Scotland, excluding the Wallaces Express wholesale operation.
Sales in the US also took a major hit - volumes declined by 16 percent in the period. The company said that its performance in there improved towards the end of the year - but it is still far from a return to growth.
Earlier this month C&C pulled out of talks to takeover the British pub group Spirit.
The company had been linked with a €1bn deal to take control of the firm during the period when the poor sales are reported. If C&C had bought Spirit it would have gained control of 1,200 pubs across Britain, improving its access to the UK market.
