Fever-Tree, the mixers producer, has said sales in the second half of the year to 31 December are expected to be up 75% year-on-year.
In a trading update this morning it said that full year revenue is expected to be c£102.2m, reflecting growth of 73% on 2015.
The group said that sales in the UK performed exceptionally well in H2 and full year revenue is expected to be circa 118% ahead of 2015.
Revenue in Continental Europe is expected to be 39% ahead of 2015.
In the USA, strong revenue growth also continued during the second half of 2016, and as a result, full year revenue for the territory is expected to be c55% ahead of 2015.
Rest of World sales growth accelerated in the second half of 2016 and full year revenue is expected to be c88% up year-on-year.
Tim Warrillow, co-founder and chief executive of Fever-Tree, said: “We are delighted with our performance in 2016. Fever-Tree continues to gain market share in both the on and off trade and while we have experienced strong growth across all regions, our performance in the UK has been particularly notable culminating in a very strong Christmas period.
“Fever-Tree continues to pioneer and lead the premium mixer category. We believe the global opportunity remains in its early stages and will continue to be supported by the long term premiumisation of the spirits sector as well as the growing movement towards mixed and long drinks. As a result, the Board remain confident of the future outlook for the business.”
