Fever-Tree FY set to be materially ahead of forecasts
Source - SMW
Fever-Tree expects results for the year ending 31 Dec to be materially ahead of current market forecasts.
In a trading update the group said that the strong growth seen in the first six months had continued during the second half.
It said: 'Fever-Tree's pioneering focus on taste and ingredients continues to transform the global mixer category driving growth across all the group's regions.
'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.'
At 8:03am: (LON:FEVR) Fevertree Drinks Plc share price was +135.5p at 2096.5p