FDBusiness.com

Fever-Tree, the world’s leading supplier of premium carbonated mixers, increased revenue by 40% to to £237.4 million and adjusted EBITDA from £58.7 million to £78.6m in the year ended 31 December 2018. The gross profit margin at 51.8% – down from 53.5% in 2017 – and profit after tax was £61.8 million – up from £45.5 million the previous year.

During 2018, Fever-Tree consolidated its position as number one mixer brand by value in the UK off-trade channel while continuing to gain share across the on-trade. In the US, Fever-Tree is now directly managing its marketing, sales and distribution, while the company made gains across Continental Europe in both the on and off-trade, as well as driving category growth in many of the key markets in the region. Fever-Tree also continued to focus on innovation and product development during 2018 with the extension of the Refreshingly Light low-calorie range as well as the successful new product launches of Cucumber Tonic and Citrus Tonic.

Tim Warrillow, co-founder and chief executive of Fever-Tree, says: “2018 was a significant year for Fever-Tree. In the UK, we strengthened our position as the leading mixer brand in the off-trade. In the US, we successfully established our own operations and the business made real progress in deepening and widening its presence in multiple European regions. As the world’s leading premium mixer brand with a strengthening global distribution network we are well set to drive the international opportunity as the move towards the premium long mixed drink continues to gather momentum around the world.”

He adds: “At this early stage in the year, the group is trading in line with board expectations and we remain excited about the size of the opportunity that lies ahead.”