Fever-Tree sees FY 'materially ahead' of current market views

Drinks company Fever-Tree said on Monday that it expects its full-year results to be ahead of market views following a solid performance in the second half.

In a trading update ahead of the year ending 31 December, the group said it has continued to perform strongly in the second half of the year.

Fever-Tree’s trading in the UK – its largest market – was particularly strong as new distribution gains combined with a continued rate of sales growth.

“Given the strong sales in the period to date, the board anticipates that the results for the full year ending 31 December 2016 will be materially ahead of current market expectations.”