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Fevertree Drinks PLC - Trading Statement

RNS Number : 4317O
Fevertree Drinks PLC
07 November 2016
 

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

 

Charles Rolls, Co-founder and Executive Deputy Chairman

 

Andy Branchflower, Finance Director

 

 

 

FTI Consulting - Financial PR

+44 (0)20 3727 1000

Jonathon Brill

[email protected]

Oliver Winters

 

Georgina Goodhew

 

 

 

Investec Bank plc - Nominated Adviser and Broker

+44 (0)20 7597 4000

Garry Levin

 

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 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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Quick facts: Fevertree Drinks

Price: 2084.3859

Market: AIM
Market Cap: £23.88 m
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