19th May 2016 08:22
LONDON (Alliance News) - Fevertree Drinks PLC, which makes tonic water and other mixers, on Thursday said it has "outperformed expectations" in the first four months of the year as the momentum seen in 2015 has continued into 2016.
This strong performance, alongside a currently favourable foreign exchange environment, also has driven gross margin improvements, Fevertree said.
"Given the strong sales in the period to date, the board anticipates that the results for the full year ending December 31, 2016 will be materially ahead of market expectations," Fevertree said in a statement.
Shares in Fevertree were trading up 11% at 662.00 pence on Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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