Trading Update

RNS Number : 6597Y

Fevertree Drinks PLC

19 May 2016

 

19^th 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 [phone]
Tim Warrillow, Co-founder and CEO
Charles Rolls, Co-founder and Executive Deputy Chairman
Andy Branchflower, Finance Director
FTI Consulting - Financial PR	[phone]
Jonathon Brill	[e-mail]
Oliver Winters
Tom Hufton
Investec Bank plc - Nominated Adviser and Broker	[phone]
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.

 

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