Fever-Tree sees sales double

Fever-Tree sees sales double

Premium drinks manufacturer Fever-Tree is set to continue expanding overseas after seeing sales double in the past six months.

London-headquartered Fever-Tree saw revenue rise by 69% during the six months ending 30 June compared to the same period last year.

Chief executive Tim Warrillow hailed the successful roll-out of the firm’s new 150ml premium can and the listing of its Naturally Light Tonic Water range on easyJet flights in particular.

The company also announced that it has secured deals with importers in Spain and the Netherlands to position the group for its next stage of growth as it looks to expand its overseas presence.

Warrillow said: “We are delighted to report that the group’s strong performance throughout 2015 has continued into the first half of 2016.

“Growth has continued to come from all of our regions as evidenced by further distribution gains in both the On and Off-Trade, as well as continued underlying sales growth.

“We have made excellent progress in developing the optimum infrastructure, relationships and team to capitalise on the strength of our brand and market leading position as the trend for premium spirits continues to gather momentum across all our key geographies.”

Based in the UK, Fever-Tree was launched in 2005 to provide high quality mixers which could cater to the growing demand for premium spirits, in particular gin, but also increasingly for vodka, rum and whisky.

The company now sells a range of carbonated mixers to hotels, restaurants, bars and cafes as well as selected retail outlets.

Approximately 65% of the group's sales were derived from outside of the UK in financial year 2015, with key overseas markets in the US and Europe.