Business
Fever-Tree FY22 Interim Results
Fever-Tree FY22 Interim Results.
About this update from Fevertree Drinks Plc
[{"type":"text","content":"\n \n \n \n Fevertree Drinks plc\n \n \n \n FY22 Interim Results to 30 June 2022\n \n \n \n \n \n FY22 Interim Highlights\n \n \n ·\n Strong top line performance with revenue growth of 14% year-on-year\n \n \n ·\n Good recovery in the On-Trade channel during the first half, with consumer demand remaining strong, especially in the US and Southern European markets\n \n \n ·\n As highlighted in July, pricing actions in our more established markets and improvements in sales mix only partially mitigated on-going industry-wide inflationary logistics and product cost headwinds, resulting in a 670bps reduction in gross margin\n \n \n ·\n We remain confident in the substantial long-term opportunity, and therefore continue to invest for growth, increasing expenditure on the brand, our people and our operations\n \n \n ·\n The Group ended the period with a strong balance sheet, underpinned by cash of £100m at period end, following payment of the £50m special dividend announced in March\n \n \n ·\n Recommending an interim dividend of 5.63 pence per share, an increase of 2% year-on-year\n \n \n ·\n Reiterating guidance from July; FY22 revenue £355m - £365m and EBITDA of £37.5m - £45m\n \n \n \n \n \n \n \n \n \n £m\n \n \n \n \n H1 FY22\n \n \n \n \n H1 FY21\n \n \n \n \n \n Change\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n UK\n \n \n \n \n 53.5\n \n \n \n \n 50.3\n \n \n \n \n \n 6%\n \n \n \n \n \n \n \n US\n \n \n \n \n 40.1\n \n \n \n \n 36.2\n \n \n \n \n \n 11%\n \n \n \n \n \n \n \n \n Europe Fever-Tree brand revenue\n \n \n \n \n \n 46.5\n \n \n \n \n 36.7\n \n \n \n \n \n 27%\n \n \n \n \n \n \n \n \n \n \n Europe total*\n \n \n \n \n 52.3\n \n \n \n \n 41.3\n \n \n \n \n \n 27%\n \n \n \n \n \n \n \n ROW\n \n \n \n \n 15.0\n \n \n \n \n 14.0\n \n \n \n \n \n 7%\n \n \n \n \n \n \n \n \n Total*\n \n \n \n \n \n \n 160.9\n \n \n \n \n \n \n 141.8\n \n \n \n \n \n \n 14%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Gross profit\n \n \n \n \n \n \n 60.1\n \n \n \n \n \n \n 62.5\n \n \n \n \n \n \n (4)%\n \n \n \n \n \n \n \n \n Gross margin\n \n \n \n \n \n \n 37.4%\n \n \n \n \n \n \n 44.1%\n \n \n \n \n \n \n (670)bps\n \n \n...