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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Fevertree Drinks PLC    FEVR   GB00BRJ9BJ26

FEVERTREE DRINKS PLC (FEVR)
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Fevertree Drinks : full-year profit jumps 64 percent on Britain's gin craze

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03/13/2018 | 03:33pm CEST
FILE PHOTO: Products from the drinks company Fever-Tree are displayed in London

(Reuters) - Fevertree Drinks Plc (>> Fevertree Drinks PLC) reported a 64 percent jump in full-year core earnings as the tonic water maker benefited from Britain's thirst for gin.

(Reuters) - Fevertree Drinks Plc reported a 64 percent jump in full-year core earnings as the tonic water maker benefited from Britain's thirst for gin.

Fevertree, which makes flavoured tonic water and other mixers, has gained from a boom in demand for premium gin in the UK, with shares soaring nearly 17-fold since their listing in 2014.

The company said its UK revenue nearly doubled in 2017 with "particularly notable" performance over the Christmas period.

Fevertree, named after the colloquial term for the cinchona tree, the bark of which produces quinine - a key ingredient in tonic water - has become one of the largest companies on London's junior AIM market, with a market value of around 3.1 billion pounds.

A move by Coca-Cola's (>> Coca-Cola Company (The)) Schweppes to compete in premium drinks caused some weakness in Fevertree stock late last year.

The company said in January that it had gained "significant market share", soothing investor worries about a pick-up in competition from bigger rival Schweppes, which has recently increased its presence in premium products.

Fevertree, said adjusted earnings before interest, tax, depreciation and amortisation rose to 35.8 million pounds ($49.7 million) in the year ended Dec. 31, from 58.7 million pounds a year earlier.

Revenue rose 66.5 percent to 170.2 million pounds.

(Reporting by Arathy S Nair in Bengaluru; Editing by Gopakumar Warrier)

Stocks treated in this article : Coca-Cola Company (The), Fevertree Drinks PLC
Stocks mentioned in the article
ChangeLast1st jan.
COCA-COLA COMPANY (THE) 0.03% 43.1 Delayed Quote.-4.97%
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Financials ( GBP)
Sales 2018 207 M
EBIT 2018 63,8 M
Net income 2018 51,3 M
Finance 2018 81,1 M
Yield 2018 0,34%
P/E ratio 2018 76,44
P/E ratio 2019 65,41
EV / Sales 2018 18,4x
EV / Sales 2019 15,5x
Capitalization 3 894 M
Chart FEVERTREE DRINKS PLC
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Fevertree Drinks PLC Technical Analysis Chart | FEVR | GB00BRJ9BJ26 | 4-Traders
Technical analysis trends FEVERTREE DRINKS PLC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 31,8  GBP
Spread / Average Target -5,6%
EPS Revisions
Managers
NameTitle
Timothy Daniel Gray Warrillow Chief Executive Officer & Director
Bill Ronald Non-Executive Chairman
Andrew Branchflower Finance Director, Secretary & Director
Charles Timothy Rolls Non-Executive Deputy Chairman
Coline Lucille McConville Independent Non-Executive Director
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