Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors
Markets

Make mine a double as Fevertree reports

More good news is expected from star mixer group Fevertree
picture of Fevertree range
Sales have grown a huge 73%

Tonic maker Fevertree Drinks PLC (LON:FEVR) announces its preliminary results Tuesday.

Markets already have a rough guide on what to expect, with the London-based firm revealing back in January that it expects full year revenue to come in at around £102mln, 73% higher than what it reported a year earlier.

The company didn’t guide on profits, but Whitman Howard analyst Chris Wickham expects them to come in ahead of expectations, while Shore Capital analyst Phil Carroll is forecasting a pre-tax profit of £36mln.

The consensus is for diluted earnings per share (EPS) to continue its positive momentum and come in at around 24p, although Wickham is predicting 25.2p.

Given Fevertree’s premium valuation, investors will be keeping a close eye on sales so far in 2017, with continued growth vital to underpin the share price.

Upgrades tend to follow Fevertree announcements, and should overall sales growth show no real sign of slowing, this one could follow a similar theme.

The one slight negative in January’s update was that there seemed to be a half-on-half slowdown in growth in continental Europe and in the USA; two big, as yet unrealised opportunities for the company.

Keep an eye on how things have fared in these markets so far in 2017.

There should also be an update on the company’s new mixers. To try and tap the huge American market (where they prefer dark spirits to, say, gin), Fevertree has been working on new ginger beer products so it’ll be interesting to hear how these are coming along.

Tuesday 21 March

Interims: Bellway PLC (LON:BWY), Earthport plc (LON:EPO).  Finals: Judges Scientific PLC (LON:JDG), Nahl Group (LON:NAH, Smart Metering Systems (LON:SMS, IQE plc (LON:IQE),Hansteen Holdings plc (LON:HSTN, Augean PLC (LON:AUG), Amec Foster Wheeler PLC (LON:AMFW),888 Holdings PLC (LON:888),EKF Diagnostics Holdings PLC (LON:EKF),EnQuest Plc (LON:ENQ), Ubisense Group PLC (LON:UBI), Vectura Group PLC (LON:VEC), Fevertree Drinks Plc (LON:FEVR),Safecharge International Group (LON:SCH)

AGM / EGM: River & Mercantile UK Micro Cap Investment Co (LON:RMMC), Blue Prism Group Plc (LON:PRSM), One Media IP Group PLC (LON:OMIP). 21/03/2017 Electronic Data Processing PLC (EDP)

Trading statement: IG Group Holdings PLC (LON:IGG)


No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use