Last checked at 7 Nov 2016 07:00
7th November 2016
Fevertree Drinks plc ("Fever-Tree")
Trading Update
Fever-Tree, the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, today announces a trading update ahead of the year ending 31 December 2016.
The Board is pleased to announce that Fever-Tree has continued to perform strongly in the second half of the year. The performance in the UK, the Group's largest market, has been particularly strong as new distribution gains have combined with a continued rate of sales growth.
Given the strong sales in the period to date, the Board anticipates that the results for the full year ending 31 December 2016 will be materially ahead of current market expectations.
For further information:
Fevertree Drinks plc | c/o FTI +44 (0)20 3727 1000 |
Tim Warrillow, Co-founder and CEO |
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Charles Rolls, Co-founder and Executive Deputy Chairman |
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Andy Branchflower, Finance Director |
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FTI Consulting - Financial PR | +44 (0)20 3727 1000 |
Jonathon Brill | fever-tree@fticonsulting.com |
Oliver Winters |
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Georgina Goodhew |
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Investec Bank plc - Nominated Adviser and Broker | +44 (0)20 7597 4000 |
Garry Levin |
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Matt Lewis |
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David Anderson |
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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 50 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"). Approximately 65 per cent of the Group's sales were derived from outside of the UK in financial year 2015, with key overseas markets in the US and Europe.