Business
FY22 Preliminary Results to 31 December 2022
FY22 Preliminary Results to 31 December 2022.
About this update from Fevertree Drinks Plc
[{"type":"text","content":"\n \n \n \n Fevertree Drinks plc\n \n \n \n FY22 Preliminary Results to 31 December 2022\n \n \n \n \n \n Financial Highlights\n \n \n ·\n Strong top line performance with revenue growth of 11% year-on-year, driven by 18% growth across the US, Europe and Rest of the World.\n \n \n ·\n Industry-wide inflationary pressures impacted the Group's gross margin, most notably in glass costs and trans-Atlantic freight costs, these were partially mitigated by positive pricing actions and improvements in sales mix.\n \n \n ·\n Adjusted EBITDA of £39.7m was marginally ahead of expectations.\n \n \n ·\n With continued strong cash generation, the Group maintained its strong balance sheet; paid a special dividend of £50m in May 2022 and finished the year with £95.3m net cash.\n \n \n ·\n Proposed full year ordinary dividend of 16.31 pence per share, an increase of 2% year-on-year.\n \n \n ·\n Reiterating guidance from January; FY23 revenue £390m - £405m and EBITDA of £36m - £42m.\n \n \n \n \n \n \n £m\n \n \n \n \n FY22\n \n \n \n \n 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 116.2\n \n \n \n \n 118.3\n \n \n \n \n \n (2)%\n \n \n \n \n \n \n \n US\n \n \n \n \n 95.6\n \n \n \n \n 77.9\n \n \n \n \n \n 23%\n \n \n \n \n \n \n \n Europe (Fever-Tree brand revenue)\n \n \n \n \n 89.2\n \n \n \n \n 78.6\n \n \n \n \n \n 13%\n \n \n \n \n \n \n \n Europe total revenue*\n \n \n \n \n 101.0\n \n \n \n \n 88.2\n \n \n \n \n \n 14%\n \n \n \n \n \n \n \n ROW\n \n \n \n \n 31.5\n \n \n \n \n 26.7\n \n \n \n \n \n 18%\n \n \n \n \n \n \n \n \n Total\n \n \n \n \n \n \n 344.3\n \n \n \n \n \n \n 311.1\n \n \n \n \n \n \n 11%\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 118.8\n \n \n \n \n \n \n 130.9\n \n \n \n \n \n \n (9)%\n \n \n \n \n \n \n \n \n Gross margin\n \n \n \n \n \n \n 34.5%\n \n \n \n \n \n \n 42.1%\n \n \n \n \n \n \n (760)bps\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 Adjusted EBITDA[1]\n \n \n \n \n \n \n 39.7\n \n \n \n \n \n \n 63.0\n \n \n \n \n \n \n (37)%\n \n \n \n \n \n \...