Portfolio

Fevertree Drinks sees full year 'materially ahead' of current market views

By Michele Maatouk

Date: Tuesday 07 Nov 2017

Fevertree Drinks sees full year 'materially ahead' of current market views

(ShareCast News) - Fevertree Drinks said on Tuesday that results for the year to the end of December are set to be "materialy ahead" of current market expectations following a strong performance in the year to date.
The supplier of premium carbonated mixers said the strong growth seen in the first six months of 2017 has continued during the second half.

"Fevertree's pioneering focus on taste and ingredients continues to transform the global mixer category driving growth across all the group's regions," the AIM company claimed.

It said the "exceptional" performance in the UK, its largest market, has been particularly impressive with the rate of sales growth and momentum strong across both the on and off trade.

The company said the mixer category is now the fastest growing category across the UK soft drinks sector, with Fevertree responsible for 97% of the value growth in retail over the last 12 months.

At 0910 GMT, the shares were up 9.1% to 2,139.50p.

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