Fevertree Drinks PLC (LSE:FEVR)

£ 11.71 -0.18 (-1.51%) Market Cap: 1.37 Bil Enterprise Value: 1.32 Bil PE Ratio: 89.39 PB Ratio: 5.74 GF Score: 88/100

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£15.42 (+13.01%)

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£27 (+6.22%)

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Full Year 2019 Fevertree Drinks PLC Trading Statement Call Transcript

Jan 20, 2020 / 08:00AM GMT

Release Date Price: £14.53 (-27.17%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Fever-Tree Year-End Trading Update Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded. And right now I would now like to hand the conference over to your first speaker today, Mr. Tim Warrillow. Please go ahead, sir.

Timothy Daniel Gray Warrillow

Fevertree Drinks Plc - Co-Founder, CEO & Executive Director

Well, good morning, everyone. Thank you for joining Andy, Oli and I on the call this morning. We wanted to provide a brief update on recent trading, discuss our outlook for 2020 before opening up for a few questions.

So group revenue is expected to be GBP 260.5 million, which is representing growth of circa 10%, which reflects the significant progress made during 2019 across many of our regions. However, this performance is below the Board's expectations, primarily reflecting subdued Christmas trading in the U.K. Our key growth markets delivered a strong performance with sales accelerating in the second half in the U.S. and Europe

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