Fevertree Drinks Plc are to declare an interim dividend of 5.74 pence per share, 2% ahead of the 2022 interim dividend. The dividend will be paid on 20 October 2023, to shareholders on the register on 29 September 2023.
Other financial highlights include:
Revenue growth of 9% year-on-year, with a standout performance in the US of +40% growth (+32% constant currency) which is now the Group's largest region by revenue contribution.
Strong market share performance globally, achieving their highest ever market share by value in the UK.
670 bps reduction in gross margin is in-line with their expectations, driven by product cost headwinds, partially offset by efficiency projects.
Adjusted EBITDA margin of 5.8% reflects the lower gross margin and phasing of overheads, maintaining their strategy of investing for growth.
£3.3m exceptional item relating to a production issue in the US. The issue did not impact customer relationships or their ability to supply the market.
