Fever-Tree records 39% revenue growth

24 January, 2019
Fever-Tree revenue growth

Fever-Tree has released its trading update for the year ended 31 December 2018, with full year revenue expected to be reach £236m, up 39% on 2017.

The company registered revenue growth of 52% in the UK with sales growth in both the on and off trade channels, while its US expansion recorded a 21% revenue boost.

Fever-Tree also saw a 24% revenue rise in continental Europe and Tim Warrillow, co-founder and CEO of Fever-Tree emphasised the importance of the US for the company’s future growth.

"We have seen very strong momentum across the business during 2018,” said Warrillow. “The UK delivered an exceptional performance while Europe has seen positive performance resulting in growth accelerating in the second half. We are particularly encouraged by the progress to date in the US and the strong platform for further growth this provides.

“The progress we have seen during the last 12 months means we enter 2019 very well positioned and remain optimistic about the long-term global opportunity ahead.”

Keywords: Fever-tree




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook