Last checked at 19 May 2016 07:00
19th May 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 for the four months to the end of April 2016.
The Board is pleased to announce that momentum seen in 2015 has continued into the start of 2016. Fever-Tree has outperformed expectations in the first four months of the year as the premium mixed drink movement continues to grow. This strong performance, alongside a currently favourable foreign exchange environment, has also driven gross margin improvements.
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 market expectations.
For further information:
Fevertree Drinks plc | c/o FTI +44 (0)20 3727 1000 |
Tim Warrillow, Co-founder and CEO | |
Charles Rolls, Co-founder and Executive Deputy Chairman | |
Andy Branchflower, Finance Director | |
FTI Consulting - Financial PR | +44 (0)20 3727 1000 |
Jonathon Brill | fever-tree@fticonsulting.com |
Oliver Winters | |
Tom Hufton | |
Investec Bank plc - Nominated Adviser and Broker | +44 (0)20 7597 4000 |
Garry Levin | |
Symmie Swill | |
Matt Lewis | |
David Anderson | |
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.