Fevertree Drinks PLC (AIM:FEVR) – as expected, results are materially ahead
The highly rated supplier of premium carbonated mixers for alcoholic spirits announced a highly positive pre-close trading update for the period ended 30 June 2015 sending its shares higher. This business hasn’t put a foot wrong since arriving on the market in November 2014
Sales in the first half of 2015 will be approximately £24m, 61% ahead of the prior year period. June was a particularly strong sales month, although it was accentuated by certain customers and importers building inventory in advance of the summer season. We think the products are terrific, but before getting too excited, it’s worth bearing in mind that this small business with revenues of only £24m has a current market capitalisation of a whopping £334m. Management now anticipates that the results for the full year will be materially ahead of “board” expectations – “market” expectations for the year ending…