Fevertree Drinks PLC Trading Update (9376N)
24 Enero 2019 - 1:00AM
UK Regulatory
TIDMFEVR
RNS Number : 9376N
Fevertree Drinks PLC
24 January 2019
24(th) January 2019
Fevertree Drinks plc
("Fever-Tree" or the "Group")
Trading Update
Fever-Tree, the world's leading supplier of premium carbonated
mixers, is pleased to announce its trading update for the year
ended 31 December 2018, ahead of its Preliminary Results on 26(th)
March 2019.
Full year revenue is expected to be circa GBP236 million,
reflecting growth of 39% on 2017, driven by:
- very strong revenue growth of circa 52% in the UK with robust
rate of sales growth in both the on and off trade channels. The UK
enjoyed an outstanding summer trading period and finished the year
with a strong performance over Christmas. The Group further
strengthened its position as the number one mixer brand by value in
the UK off-trade* whilst continuing to broaden its distribution
across the on-trade.
- significant operational progress in the USA in our first
period of direct management of the region, with growth in the
second half accelerating, resulting in full year revenue circa 21%
ahead of 2017. The relationship with Southern Glazer's Wine &
Spirits continues to develop well and the Group is confident that
the exclusive on trade agreement signed with them in the second
half, alongside the positive progress seen in the off-trade,
provides an excellent platform for further growth in 2019.
- acceleration in sales growth in Continental Europe in the
second half of 2018, with full year revenue anticipated to be circa
24% ahead of 2017. The Group saw positive momentum across a number
of key territories, and we remain at the forefront of the premium
mixer category across the region.
- encouraging performance in the Rest of the World with full
year revenue expected to be circa 48% ahead of 2017.
Year-end net cash position is anticipated to be in line with
Board expectations.
Reflecting the continued strong performance in the second half,
the Board expects that the outcome for the full year will be
comfortably ahead of the Board's expectations.
*(IRI - Total UK Retail Mixer Market value share - 13 weeks to
31/12/18)
Commenting on today's announcement, Tim Warrillow, Co-founder
and CEO of Fever-Tree said:
"We have seen very strong momentum across the business during
2018. The UK delivered an exceptional performance while Europe has
seen positive performance resulting in growth accelerating in the
second half. We are particularly encouraged by the progress to date
in the USA and the strong platform for further growth this
provides.
The progress we have seen during the last 12 months means we
enter 2019 very well positioned and remain optimistic about the
long-term global opportunity ahead.
Drinking habits are changing. The rise of premium spirits and
the advent of premium mixers has reinvigorated and re-established
the quality and enjoyment of the long-mixed drink, be it a gin
& tonic, vodka & ginger beer or whiskey & ginger ale to
name but a few. Fever-Tree is at the forefront of this trend,
broadening the appeal of the spirits category, drawing in new
consumers and with it providing a genuine alternative to the beer
and wine occasion."
For further information:
Fevertree Drinks plc +44 (0)20 7349 4922
Tim Warrillow, Co-founder and CEO
Andy Branchflower, Finance Director
Oliver Winters, Communications & IR Director
Numis Securities - Nominated Adviser and Joint Broker +44 (0)20 7260 1000
Alex Ham
Matt Lewis
Hugo Rubinstein
Investec Bank plc - Joint Broker +44 (0)20 7260 1000
David Flin
Alex Wright
David Anderson
Brunswick Group +44 (0) 20 7404 5959
Jonathan Glass
Fiona Micallef-Eynaud
Cerith Evans
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 70 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").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
TSTLLFFTLSIVFIA
(END) Dow Jones Newswires
January 24, 2019 02:00 ET (07:00 GMT)
Fevertree Drinks (LSE:FEVR)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Fevertree Drinks (LSE:FEVR)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024