Fevertree Regulatory News (FEVR)

25th January 2016

Fevertree Drinks plc ("Fever-Tree")

Trading update

Fever-Tree, the world's leading supplier of premium carbonated mixers, today announces its trading update for the year ended 31 December 2015.

The Board is pleased to announce that Fever-Tree has performed strongly in the second half of 2015. It is anticipated that sales in the second half will be ahead of the prior year period by 77%. Full year revenue is expected to be circa £59.2 million, reflecting growth of 71% on 2014.

Sales in the UK performed exceptionally well in the second half of 2015 and full year revenue is expected to be circa 84% ahead of 2014. Sales performance has been strong in both the On-Trade and Off-Trade channels, with notable growth achieved over the Christmas period against strong comparatives from 2014.

In the USA, the momentum seen in the first half continued during the second half of 2015 and as a result full year revenue is expected to be circa 65% ahead of 2014.

The strong sales growth in the Rest of Europe achieved in the first half accelerated in the second half of 2015 and it is anticipated that full year revenue will be circa 66% ahead of 2014.

Rest of World sales growth in the second half of 2015 remained strong and full year revenue is expected to be circa 50% ahead of 2014.

Over the period, Fever-Tree's free cash flow generation and balance sheet have remained strong. Year-end net cash position is anticipated to be in line with Board expectations, with significant cash balances still to collect given the strength of trading over the Christmas period.

FY15 expectations

Given the strong sales in the final two months of the year, the Board anticipates that the outcome for the full year will be comfortably ahead of its expectations.

Fever-Tree will announce its Preliminary Results on 14 March 2016.

Commenting on today's announcement, Tim Warrillow, CEO of Fever-Tree said:

"We are encouraged to report another positive trading statement. Fever-Tree continues to trade strongly, buoyed by a festive period significantly ahead of last year. We have continued to widen and deepen our penetration with growth across our product range in all our regions. We remain well positioned in our markets and look forward to the future with confidence."

UK Financial Reporting Notification

The Group's consolidated financial statements are prepared in accordance with IFRS as adopted by the EU. However, the accounting framework used for the Fevertree Drinks plc individual company accounts has been UK GAAP up to 31 December 2014. For the year ended 31 December 2015, the company is required by FRS 100 "Application of Financial reporting Requirements" to change its accounting framework. The Group intends to apply FRS 101 "Reduced Disclosure Framework" to the company accounts for the year ended 31 December 2015, which is not expected to give rise to any significant changes in disclosures. Shareholders holding more than 5% of the allotted shares of the company are entitled to object to the adoption of FRS 101. Objections should be made to the Company's registered office by 28 February 2016.

The Group's consolidated financial statements are unaffected by this change, and will continue to be prepared in accordance with IFRS as adopted by the EU.

For further information:

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 70 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.