The Fevertree Drinls Plc Directors are to declare an interim dividend of 5.85 pence per share, 2% ahead of the 2023 interim dividend. The dividend will be paid on 18 October 2024, to shareholders on the register on 27 September 2024.
Other financial highlights include:
The Fever-Tree brand delivered revenue growth of 2% year-on-year at constant currency, against a subdued consumer backdrop and poor weather in the second quarter across the UK and Europe.
Strong summer trading post period-end with growth of +13% for the Fever-Tree brand in July and August.
Continued good growth in the US, extending their market share and number one position in Tonic Water and Ginger Beer categories, driven by distribution gains and flavour and format innovation.
Significant operational progress driving 520 bps of gross margin improvement and c.80% increase in Adjusted EBITDA as they begin to deliver substantial Group margin recovery.
