High-end tonic water-to-ginger beer supplier Fevertree Drinks (FEVR:AIM) continues to exhibit growth fizz aplenty. The carbonated mixers marvel climbs another 10.3% to 320p on news full-year results will smash expectations following a fantastic first half.

Click here to read Fevertree's interim pre-close update, which confirms continuing strong momentum behind the business. The globe's biggest supplier of premium carbonated mixers for alcoholic spirits by retail sales value reports buoyant trading in the first six months of 2015. Sales grew more than 60% to around £24 million and profits are expected to have advanced by a similar amount.

Fevertree Drinks - Co-Founders - Image 3

Co-founders Tim Warrillow and Charles Rolls (pictured above), CEO and executive deputy chairman respectively, flag a bumper June, albeit 'accentuated by certain customers and importers building inventory' ahead of the key summer season. Following this performance, annual results will be 'materially ahead' of expectations and broker Investec Securities upgrades its numbers accordingly. For 2015 and 2016, its pre-tax profit estimates rise by 22% and 12% to £13.5 million and £15.5 million respectively.

AIM newcomer (7 Nov '14) Fevertree takes its name from the colloquial label for the tree in which key tonic ingredient quinine is found. Launched as recently as 2005, the brand is gaining traction around the world and is benefiting from spirits market premiumisation. Well-heeled consumers are more than prepared to pay for a high-end mixer to wash down their gin, vodka, rum or whisky tipple of choice with.

Web chart - FEVR - July 15

Shares in Fevertree are 50% north of the level at which Shares recommended them here in February, though the company needs to keep on delivering in order to sustain its punchy rating. Based on Investec's 9.4p earnings per share estimate for this year, the shares are swapping hands for a fulsome 34 times prospective earnings.

Issue Date: 08 Jul 2015