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Fever-Tree regains its fizz after lifting profit expectations

The mixer category is now the fastest growing category across the UK soft drinks sector with Feve-Tree responsible for 97% of the value growth in retail over the last 12 months

Fever-Tree mixers
The UK was the star performer for Fever-Tree

Fizzy mixer drinks maker Fever-Tree Drinks PLC (LON:FEVR) said full-year results will be materially ahead of current market expectations.

A trading update put some fizz in the share price, as the company said the strong growth seen in the first half of the year had continued into the second.

READ: FeverTree Drinks up after co-founder Tim Warrillow cashes in on nearly £29mln worth of shares

The shares, which had gone a bit flat over the last couple of months, rose 12.54% to 2,207p in afternoon trading.

READ: Fever-Tree shares sparkle as it raises full year guidance after first half revenues jump 77%

“The exceptional performance in the UK, the group's largest market, has been particularly impressive with the rate of sales growth and momentum strong across both the on and off trade.

"The mixer category is now the fastest growing category across the UK soft drinks sector with Fever-Tree responsible for 97% of the value growth in retail over the last 12 months,” the company noted.

Quick facts: Fevertree Drinks PLC

Price: 1492.5 GBX

AIM:FEVR
Market: AIM
Market Cap: £1.73 billion
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