Premium Drinks Maker Fever-Tree Expects To ‘Comfortably’ Beat Full-Year Expectations
Fever-Tree Drinks Plc expects full-year results to be "comfortably ahead" of its expectations, as the premium drinks maker reported a 35% jump in first-half core earnings on the back of strong sales in the UK.
Fever-Tree, which makes flavoured tonic water and other carbonated mixers, said adjusted earnings before interest, tax, depreciation and amortisation rose to £34 million in the six months ended June 30, from £25.2 million a year earlier.
Revenue rose 45% to £104.2 million.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!