Last checked at 17 May 2018 07:00
17th May 2018
Fevertree Drinks plc
("Fever-Tree", the "Group" or the "Company")
AGM Statement
Bill Ronald, Chairman of Fever-Tree, the world's leading supplier of premium carbonated mixers, will make the following statement at the Group's Annual General Meeting to be held at 11.30am today.
"2017 was another year of strong growth for Fever-Tree with all regions delivering impressive rate of sale growth and market share gains across both the on and off trade.
The first four months of 2018 has seen further positive progress, most notably in the UK where, as market leader, our brand strength, pioneering approach to flavours and formats, as well as our relationships with key customers and spirits partners means we are increasingly well positioned as the wider mixer category continues to evolve.
The transition to our wholly owned operations in the US is continuing to plan. We have made excellent progress, with the Fever-Tree US team now in place ahead of taking direct management of our distribution network and marketing effort on 1st June 2018.
As announced separately this morning, I am delighted to welcome Domenic De Lorenzo to the Board as a Non-Executive Director. As a former FTSE 100 CFO with significant beverages experience I have no doubt he will further strengthen our Board's capabilities.
The Group's performance in the year to date has been encouraging and at this early stage in the year we are trading in line with market expectations for the full year ending 31 December 2018.
We look forward to reporting further on our progress at our interim results in July."
For further information:
Fevertree Drinks plc Tim Warrillow, Co-founder and CEO Andy Branchflower, Finance Director Oliver Winters, Communications & IR Director | +44 (0)20 7349 4922 |
FTI Consulting - Financial PR Jonathon Brill Georgina Goodhew Fiona Walker | +44 (0)20 3727 1000 fever-tree@fticonsulting.com |
Investec Bank plc - Nominated Adviser and Broker Garry Levin Alex Wright David Anderson | +44 (0)20 7597 5970 |
Notes to Editors:
Fever-Tree is the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, with distribution to over 60 countries worldwide. Based in the UK, the brand was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky. The Company now sells a range of carbonated mixers to hotels, restaurants, bars and cafes ("On Trade") as well as selected retail outlets ("Off Trade").