Fevertree Drinks PLC Pre-Close Trading Statement (4399S)

TIDMFEVR

RNS Number : 4399S

Fevertree Drinks PLC

08 July 2015

8(th) July 2015

Fevertree Drinks plc ("Fever-Tree")

Pre-Close Trading Statement

Fever-Tree, the world's leading supplier of premium carbonated mixers for alcoholic spirits by retail sales value, today announces its pre-close trading update for the period ended 30 June 2015.

The Board is pleased to announce that Fever-Tree has continued to perform strongly in the first six months of 2015. It is anticipated that sales in the first half of 2015 will be approximately GBP24 million, 61 per cent. ahead of the prior year period. June was a particularly strong sales month, although it was accentuated by certain customers and importers building inventory in advance of the summer season.

Given the strong sales in the first half of the year and in particular in June, the Board anticipates that the results for the full year will be materially ahead of board expectations.

Fever-Tree will announce its interim results on Monday 27 July 2015. An analyst briefing will be held at 10.00am on Monday 27 July 2015 at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, EC1A 4HD.

For further information:

 
                                            c/o FTI +44 (0)20 3727 
 Fevertree Drinks plc                        1000 
 Tim Warrillow, Co-founder and CEO 
 Charles Rolls, Co-founder and Executive 
  Deputy Chairman 
 Andy Branchflower, Finance Director 
 
 FTI Consulting - Financial PR              +44 (0)20 3727 1000 
 Jonathon Brill                             fever-tree@fticonsulting.com 
 Oliver Winters 
 Tom Hufton 
 
 Investec Bank plc - Nominated Adviser 
  and Broker                                +44 (0)20 7597 4000 
 Garry Levin 
 Duncan Williamson 
 Matt Lewis 
 David Anderson

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 approximately 50 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"). Approximately 70 per cent of the Group's sales were derived from outside of the UK in financial year 2014, with key overseas markets in the US and Europe.

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTFMGGNVNVGKZM

Fevertree Drinks (LSE:FEVR)
Historical Stock Chart
From Oct 2024 to Nov 2024