Fevertree Drinks plc Provides Revenue Guidance for the Year Ended December 31, 2021 and Fiscal Year 2022
January 27, 2022 at 12:30 pm IST
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Fevertree Drinks Plc provided revenue guidance for the year ended December 31, 2021 and fiscal year 2022. Fever-Tree delivered an excellent top line performance in 2021 with strong growth across all key markets. The company expects to deliver full year revenues of c.£311 million revenue, an increase of 23% year-on-year (26% at constant currency) and ahead of the guidance provided at Interim Results in September.
For the year 2022, the Off-Trade continues to perform well across regions as at-home consumption and interest in premium long mixed drinks becomes increasingly established, supported by both retailers and spirits companies. The company expects Off-Trade demand to remain at higher levels than pre-pandemic and are well placed to benefit from this sustained shift in consumer behaviour. The company also remain confident that the On-Trade will continue to recover as the company progress through the year. Consequently, the company estimate that the company will grow revenue to between £355 million and £365 million in FY22.
Fevertree Drinks PLC is a United Kingdom-based supplier of carbonated mixers for alcoholic spirits. All of its mixers sold in the United Kingdom are carbon neutral. Its products include Premium Indian Tonic, Flavoured Tonics, Ginger Ales, Ginger Beers & Colas, Lemonades, Sodas, Adult Soft Drinks and Cocktail Mixers. Its mixers include Margarita Mixer, Espresso Martini, Mojito Mixer, Premium Indian Tonic Water, Elderflower Tonic Water, Mediterranean Tonic Water, Premium Soda Water, Raspberry & Orange Blossom Soda, Mexican Lime Soda, Ginger Beer, Ginger ALE, Spiced Orange Ginger ALE, Sicilian Lemonade and others. It distributes its products in over 85 countries internationally. It sells its products to a range of markets, such as the United Kingdom, the United States, Europe, and the rest of the world. The Company's subsidiaries include Fevertree Limited, Fevertree UK Limited, Fevertree Europe Limited, Fevertree ROW Limited, Fevertree Germany Limited and others.