viewFevertree Drinks

Fevertree Drinks provides a tonic

The share price of Fevertree rose like a badly poured fizzy drink as the company upped sales guidance

The perfect accompaniment for a drop of Mother's Ruin

Investors in Fevertree Drinks (LON:FEFR) received a tonic, as the mixers maker said results for 2015 will be well ahead of expectations.

The group, which listed on AIM back in November of last year, operates at the premium end of the carbonated mixers market, and had a strong first half to the year.

The group said June was a particularly good month, helped by some customers and importers stocking up on supplies ahead of the summer season.

Fevertree expects sales for the first half of 2015 to be in the region of £24mln, which is up three-fifths year-on-year.

Shares in Fevertree were among the best performers on Wednesday morning, and were up 10.3% at 320p in mid-morning trading.

The shares were floated at 134p the day before Fireworks Day last year, since when they have rocketed, as the company benefited from the revival in popularity of gin – or Mother's Ruin as the cockneys call it.

The flotation price valued the company at around £154.4mln, which was well short of the £200mln valuation the company was reportedly hoping for.

At the current price, Fevertree is valued at just shy of £369mln.

Quick facts: Fevertree Drinks

Price: 2231 GBX

Market: AIM
Market Cap: £2.59 billion

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