Fevertree Drinks (FEVR)

Sector:

Beverages

Index:

FTSE AIM 50

1,201.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 1,456.00
  • 52 Week Low: 952.00
  • Currency: UK Pounds
  • Shares Issued: 116.69m
  • Volume: 204,280
  • Market Cap: £1,401.41m

Fevertree backs FY guidance after 'good start' to year

By Michele Maatouk

Date: Thursday 25 May 2023

LONDON (ShareCast) - (Sharecast News) - Posh tonic maker Fevertree Drinks backed its full-year guidance on Thursday following a "good start" to the year.
In an update ahead of its annual meeting, the company said trading has been in line with the expectations set out in the FY22 results.

In the UK, the firm recorded its highest-ever value share in the on-trade segment during a first quarter trading period, around 6% higher than its share in the first quarter of 2020. Fevertree said it expects its off-trade sales to build momentum as the year progress, and that it is trading in line with expectations in the UK.

The US business had a strong star to the year in both on and off-trade, with good value and volume growth across all categories, and particularly strong growth in flavoured sparkling and club soda drinks.

Fevertree said that in Europe, it continues to gain value share of the premium mixer category at retail, with particularly encouraging growth in Italy and France.

In Rest of World, the group continues to make good sales and operational progress across regions.

"We are confident that the brand will continue to deliver strong revenue growth as we start our key summer trading period and therefore reiterate our top-line guidance range as set out in March at £390m to £405m," it said.

"Whilst inflationary cost pressures remain elevated, the group continues to be focused on delivering initiatives to mitigate these costs and expects to drive margin improvements as we progress through the year, which means we're on-track to deliver EBITDA in-line with our guidance range of £36m to £42m for 2023."



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FEVR Market Data

Currency UK Pounds
Share Price 1,201.00p
Change Today 4.00p
% Change 0.33 %
52 Week High 1,456.00
52 Week Low 952.00
Volume 204,280
Shares Issued 116.69m
Market Cap £1,401.41m

FEVR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.98% below the market average85.98% below the market average85.98% below the market average85.98% below the market average85.98% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
8.8% below the market average8.8% below the market average8.8% below the market average8.8% below the market average8.8% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income
99.5% below the market average99.5% below the market average99.5% below the market average99.5% below the market average99.5% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
92.35% below the market average92.35% below the market average92.35% below the market average92.35% below the market average92.35% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 7
Sell 4
Strong Sell 0
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FEVR Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 28-Sep-23
Paid 21-Jun-24 20-Oct-23
Amount 10.90p 5.74p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 57,029 @ 1,201.00p
16:35 193 @ 1,201.00p
16:35 84 @ 1,201.00p
16:35 62 @ 1,201.00p
16:35 273 @ 1,201.00p

FEVR Key Personnel

CEO Timothy (Tim) Daniel Warrillow
Finance Director Andrew Branchflower

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