Rest of the World saw a 36% drop in revenues to £9.6m, impacted by a one-off inventory buy-back in Australia, as it established its own subsidiary in the territory. In Europe, the Fever-Tree brand delivered 9% revenue growth across its European markets, slightly ahead of total European growth of 7%, which includes sales from German distributor Global Drinks Partnership (4% at constant currency). Instead, growth slipped to a 40% sales jump in the US to £56.1m, representing a rise of 32% in constant currency. However, its UK revenues of £53.8m were up just 1% year on year as on-trade sales edged up, but off-trade flatlined. The premium mixers producer saw first-half revenue of £175.6m, up 9% year on year (6% at constant currency), driven largely by strong growth in the US. The Grocer New Product & Packaging Awardsįever-Tree shares this week have been quite mixed following a sharp drop in profits as UK sales fell flat.Lumina Intelligence: UK Food & Drink Reports.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |