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How did Fever-Tree perform in H1 2018? - results

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  • H1 organic sales up 46% to GBP104.2m (US$136.6m)
  • UK spearheads growth, with sales up 73% to GBP58m
  • Company highlights changes in US, up 23% organically to GBP15.1m
  • Fever-Tree US now wholly-owned, signs distribution deal with SGWS

Premium carbonated mixer maker Fever-Tree enjoyed a strong start to 2018, with first-half sales rising 45% (46% at constant currency) to GBP104.2m (US$136.6m).

Fever-Trees H1 2018 growth was driven by the UK market

Fever-Tree's H1 2018 growth was driven by the UK market

The company's growth was again led by a dynamic six months in the UK, where sales leapt by 73%. Revenue growth in the US was more muted at 15% (23% at constant currency), but the company highlighted its move to wholly-owned operations from June, as well as its on-trade distribution agreement with Southern Glazer's Wine and Spirits (SGWS), covering 29 US states from August.

Meanwhile, organic sales in continental Europe rose 15% to GBP25.8m, and sales in the rest of the world were up 67% to GBP5.3m. 

Fever-Tree said that, given the "strong" first half of the year, it expected full-year performance to be "comfortably ahead of expectations".

CEO Tim Warrillow: "The group delivered a strong performance, most notably in the UK, as we continue to drive and lead the evolution of the wider mixer category.

"Furthermore, our relationships with key customers and spirits partners mean we are increasingly well-positioned as the growing move to premiumisation and long mixed drinks continues to develop across the globe."

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