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Continuing Success at Fever-Tree

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Continuing Success at Fever-Tree

Continuing Success at Fever-Tree
March 16
15:11 2016

Fever-Tree, the world’s leading supplier of premium carbonated mixers, has reported an 82% jump in adjusted EBITDA to £18.2 million on revenue up 71% to £59.3 million for the year ended for 31 December 2015. Based in the UK, the brand was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky. Fever-Tree now has distribution in over 50 countries worldwide and 65% of group’s sales were derived from outside of the UK in financial year 2015, with key overseas markets in the US and Europe.

Fever-Tree achieved sales growth achieved across all regions and all flavours in 2015 including significant distribution gains in both the on- and off-trade in the UK and a new off-trade listing with Marks & Spencer.

Charles Rolls, executive deputy chairman of Fever-Tree, comments: “Fever-Tree’s on-going success is driven by a global consumer desire and demand to drink premium mixers to complement their premium spirits, and our strong first mover advantage. We are increasingly well positioned to take advantage of the growth in both the on and off-trade in all geographies with the brand’s growing international reputation. We maintain that the premium segment is still in its infancy and will continue to outperform the other drinks categories as global cross-category premiumisation continues to gain prominence.”

Tim Warrillow, chief executive of Fever-Tree, says: “2015 was an exceptional first full year for Fever-Tree as a public company in which we continued to strengthen our reputation as the leading international premium mixer brand. In our tenth year of trading we achieved a 71% increase in revenue and 82% increase in adjusted EBITDA, underpinned by strong, improving margins. Growth was strong across all of our four main geographical regions illustrating the global appeal of the brand. We have had an encouraging start to 2016 and look forward to the future with confidence.”

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