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LONDON (Alliance News) - Fevertree Drinks PLC on Monday said its full-year results for 2015 will be "comfortably" ahead of expectations following a very successful sales performance in the second half of the year.
Fevertree, which makes tonics and mixers, said sales in the second half of 2015 are expected to have grown by 77%, leading to full-year revenue of GBP59.2 million, a 71% increase on 2014.
Sales in the UK performed exceptionally well, Fevertree said, with full-year revenue expected to be around 84% ahead of the prior year. In the US, the momentum seen in the first half continued into the second half, with full-year revenue anticipated to be 65% ahead of 2014.
Meanwhile, strong sales growth in the rest of Europe in the first half accelerated in the second half, leading to full-year revenue growth of 66%, while rest of world sales are also expected to show strong growth of 50%.
"We are encouraged to report another positive trading statement. Fevertree continues to trade strongly, buoyed by a festive period significantly ahead of last year. We have continued to widen and deepen our penetration with growth across our product range in all our regions. We remain well-positioned in our markets and look forward to the future with confidence," Chief Executive Tim Warrillow said in a statement.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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