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Fever-Tree sees annual revenue above guidance following strong H2 performance
StockMarketWire.com
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Carbonated mixers supplier Fever-Tree said it expected to report revenue above its guidance provided in September, following a strong second half performance.
For the year ended 31 December, Revenue fell 3% £252.1 million, with UK, US, Europe revenue down 22%, up 23% and 1% respectively.
The UK performance was hurt by on-trade sales impacted by the periods of lockdown and on-going restrictions during the year, leading to a decline of about 60% year-on-year.
'The Off-Trade continues to see good momentum in many regions ... we would expect some of the off-trade demand to switch to the on-trade as it begins to re-open during the year,' the company said.
At 9:34am: (LON:FEVR) Fevertree Drinks PLC share price was 0p at 2295p
Story provided by StockMarketWire.com
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