Fevertree Drinks posts £30.5m annual profit, driven by strong US performance and increased regional production.
Fevertree Drinks, a British tonic maker, posted an annual profit in line with estimates, boosted by strong US performance and increased regional production. Rising UK glass costs due to energy price hikes were offset by boosting US glass production and lower Trans-Atlantic freight rates, with profit growth expected in 2024. The company's adjusted core profit was at £30.5m for the year ended December 31, meeting an analysts' consensus of £30m.
March 26, 2024
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