The premium carbonated mixers producer made the prediction at its trading update for the year ended December 31, 2016.
It says: “The board is pleased to announce that the strong growth achieved in the first half of the year accelerated in the second half of 2016. It is expected that sales in the second half will be ahead of the prior year period by 75%. As a result, full year revenue is expected to be circa £102.2 million, reflecting growth of 73% on 2015.”
Sales in the UK performed exceptionally well in the second half of 2016 and full year revenue is expected to be circa 118% ahead of 2015, reports the company. Sales performance has been strong in both the on-trade and off-trade channels, with notable growth achieved over the Christmas period.
Fever-Tree says sales in Continental Europe performed well in the second half of 2016, and it is anticipated that full year revenue will be circa 39% ahead of 2015.
In the US, strong revenue growth also continued during the second half of 2016, and as a result, full year revenue for the territory is expected to be circa 55% ahead of 2015.
Rest of world sales growth accelerated in the second half of 2016 and full year revenue is expected to be circa 88% ahead of 2015.
Co-founder and CEO of Fever-Tree, Tim Warrillow, said: “Fever-Tree continues to pioneer and lead the premium mixer category. We believe the global opportunity remains in its early stages and will continue to be supported by the long term premiumisation of the spirits sector as well as the growing movement towards mixed and long drinks. As a result, the board remain confident of the future outlook for the business.”
Fever-Tree will announce its preliminary results on 21 March 21.