Fever Tree (FEVR LN, HOLD, T/P 2100p) - On Track Materially to Beat Expectations
Fever Tree (FEVR LN, HOLD, T/P 2100p) released an unscheduled trading statement today which states that the company is on track materially to beat earnings expectations in 2017. Clearly, momentum remains strong and the company reiterates its estimate that it currently accounts for around 97% of the growth in the mixer category which is the fastest growing UK soft drinks category at an annual rate of around 20%. The UK represents 48% of the company’s revenue.Fevertree Drinks is a holding and investment company, engaged in the development and marketing of mixer drinks, and selling into the U.K., European, North American and international markets. Co. provides a range of carbonated mixers, including Tonics, Ginger Ales, Ginger Beer, Cola and Lemonades. Co. sells a range of products, all under the Fever-Tree brand and provides regular and Refreshingly Light variants: Indian Tonic Water, Mediterranean Tonic Water, Elderflower Tonic Water, Aromatic Tonic Water, Clementine Tonic Water, Lemon Tonic Water, Ginger Beer, Ginger Ale, Smoky Ginger Ale, Spiced Orange Ginger Ale, Madagascan Cola, Sicilian Lemonade, Lemonade, and Spring Soda Water.
Whitman Howard is an independent institutional stockbroking and investment banking business focused on servicing the needs of our corporate clients and institutional investor base.
The company began trading in 2011 with a team of highly experienced market professionals and the goal of building a leading capital markets business in an entrepreneurial environment.
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