0R15 8884.0068 1.4156% 0R1E 9171.0 0.0% 0M69 None None% 0R2V 255.5 0.0% 0QYR 1619.0 0.0% 0QYP 434.5 0.0% 0RUK None None% 0RYA 1606.0 4.9673% 0RIH 195.2 1.3763% 0RIH 195.2 0.0% 0R1O 225.5 9900.0% 0R1O None None% 0QFP None None% 0M2Z 255.0 0.2457% 0VSO 33.3 -6.4738% 0R1I None None% 0QZI 604.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 246.8 2.9706%
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Fevertree (LSE:FEVR) Expects 7-10% Brand Growth and 4-5% Revenue Increase for FY24
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Highlights
Fevertree Drinks PLC (LSE:FEVR) is a UK-based supplier of premium carbonated mixers. The stock is a member of the FTSE AIM UK 50 Index. The directors of FEVR have declared an interim dividend of GBX 5.85 per share for the first half of FY24 (1HFY24). It marks a 2% increase over the interim dividend of 2023.
Fevertree's total brand revenue for H1FY24 reached GBP 170.60 million, a modest 0.4% increase from GBP 170.00 million in H1FY23. Gross profit for H1FY24 rose to GBP 62.00 million. It marks a 15.2% increase from GBP 53.80 million in H1FY23. This improvement was driven by a rise in gross margin from 30.7% to 35.9%, fueled by cost-saving measures like re-tendering glass supply, securing better freight rates, and adjusting pricing. Additionally, the unwinding of 2023 inventory costs played a role, with further margin recovery expected in the second half as the benefits of improved product and logistics costs in 2024 are fully realized.
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