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By Ian Walker
LONDON--Newly-listed drink mixer supplier Fevertree Drinks PLC
(FEVR.LN) Monday reported a swing to pretax profit in 2014 as
revenue rose, and said it is positive about the outlook for
2015.
The company, which supplies carbonated mixers for alcoholic
spirits, made a profit before tax of 2.5 million pounds ($3.7
million) for the year ended Dec. 31, compared with a loss of GBP1.4
million in 2013, on revenue of GBP34.7 million and GBP20.6 million
respectively. It has declared a dividend of 0.30 pence per
share.
The company, which distributes products to 50 countries
worldwide, raised GBP93.3 million and started trading on London's
junior AIM market on Nov. 7 last year at 134 pence. Its shares rose
to a peak of 219 pence on Jan. 22 after saying it performed
strongly in the second half of 2014 and expected to report a 49%
rise in revenue to GBP34.7 million.
However, shares have since slipped back and at 1040 GMT were
down 6 pence on the day, or 2.78%, at 210 pence.
"We are encouraged by our start to the current financial year
and the board remains positive about the outlook for 2015," Chief
Executive Officer Tim Warrillow said.
"With continued implementation of our strategy across our
diverse range of products, territories, channels and customers we
look forward to the future with confidence," he said.
Rory Gallivan contributed to this story
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749