Fevertree share price jumps 10pc after another half year of growth

Posh soft drinks maker Fevertree (LON:FEVR) reported strong growth yet again in the first six months of the year, revealing a revenue increase of 77 percent.

Gross profit rose by 76 percent to £39.2 million in the six months to June, with Ebitda up by more than 100 percent from £12.4 million to £25.2 million.

In continental Europe, revenues rose from £13.4 million last year to £22 million, while US revenues climbed from £9.2 million to £13.2 million. It also enjoyed sales growth of 45 percent in the rest of the world, where it is finding joy in Australia, Canada, South Africa and Colombia.

Tim Warrillow, CEO of Fever-Tree, commented:

“We are delighted to report another strong performance in the first half of 2017, continuing the momentum seen in 2016. We achieved growth in all our regions, driven by further distribution gains and underlying rate of sales growth as the two key trends of premiumisation and mixability continue to gather pace globally.

“We continue to invest and improve our infrastructure, relationships with key suppliers and customers as well as adding to our senior team. The strength of our brand and first mover advantage means we are well positioned as the opportunity for premium mixers continues to gather momentum across our key markets.”

Fevertree’s share price has shot up by over 1000 percent since its listing in 2014, as the UK’s demand for gin continues to grow. The company now holds 99 percent of the value growth in the entire UK mixer category within retail in the last 12 months and now holds a 30 percent value share.