The interim dividend of 5.52 pence per share will be paid on 22 October 2021 to shareholders on the register on 1 October 2021.
Other financial highlights include:
In July, gross margins were significantly impacted by on-going global logistics disruption and cost pressures, contributing to a 270bps reduction in gross margin for the first half of the year, notably in relation to elevated trans-Atlantic freight charges and US storage costs. Fevertree Drinks PLC have taken a number of actions to mitigate these pressures but as stated previously, they expect disruption and elevated logistics costs to continue to impact through the remainder of this financial year and into 2022.
Adjusted EBITDA increased by 22.7%. However, the dilution in gross margin, coupled with maintained levels of underlying operating expenditure has resulted in a reduction in adjusted EBITDA margin to 20.6%
Net cash of £133.2 million at period end despite investment in working capital as they built inventories to mitigate supply chain disruption
Reiterating guidance from July; FY21 revenue £295 - £304m and EBITDA c.20%
