Mixers maker Fever-Tree to beat full-year forecasts

Good mix: Fever-Tree said demand for its tonics range has risen

Joanna Hodgson7 November 2017

Fever-Tree’s extraordinary march continued on Tuesday, as the posh mixers maker shrugged off competition and revealed that full-year results will be “materially ahead” of forecasts.

Pre-tax profits and sales for the year to December 31 are expected to be around £54.5 million and £158 million respectively. That is above the £47.9 million and £150 million analysts had pencilled in.

Boss Tim Warrillow said: “We have seen growth across all our regions. We are performing well in pubs, and retailers are giving us a little more shelf space.”

He added that the AIM-listed firm is “certainly not” feeling under threat from rivals such as Coca-Cola, which is relaunching its Schweppes range.

Fever-Tree shares rose 184p, or more than 9%, to 2145p. They floated at 134p in November 2014.

The firm’s biggest shareholders are co-founders Warrillow and Charles Rolls, Old Mutual and Standard Life Investments.

Elsewhere on Tuesday, The Wine and Spirit Trade Association and a number of gin businesses called on the Chancellor to put an increase in spirit duty on ice.

They warned that more tax burdens will stifle the growth of gin start-ups.