Fevertree Drinks: growing fast in overseas markets
Shares tumble on the day of the results but the creator of delicious premium mixers looks in great shape to us, with big potential in overseas markets where they are making substantial investments. A nice addition to your AIM ISA ?
Premium mixer market leader Fevertree Drinks (LON:FEVR) delivered a resilient performance for its financial year ending 31 December 2020 and was also confident enough to re-introduce guidance for 2021, although the latter is the reason why the shares took a hit on the day of the results. While revenue only fell 3% to £252.1m, pre-tax profit was 29% lower at £51.6m due to increased investment in the Fever-Tree brand and expansion of their team across all regions. Performance in the Off-Trade (that’s at-home consumption) was especially strong, exceeding management’s expectations across all regions. Numerous lockdowns during the year encouraged increased consumer…