REG - Fevertree Drinks PLC - AGM Trading Statement

Fevertree DrinksAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260609:nRSI4672Ha&default-theme=true

RNS Number : 4672H  Fevertree Drinks PLC  09 June 2026

Fever-Tree Drinks plc

AGM Statement

 

Fever-Tree Drinks plc (the "Group"), the world's leading supplier of premium
carbonated mixers, today announces a trading update ahead of its Annual
General Meeting ("AGM"), which is being held today at 11am BST.

 

The Group has made a solid start to the year and remains confident of
achieving full-year market expectations.  Furthermore, as a reflection of the
Board's confidence in the Group's prospects, we are announcing today a further
£30m extension to the on-going share buyback programme.

 

During the early part of the year, the Group continued to execute against its
strategic priorities, including:

 

·    Establishing the platform to accelerate growth in the US

o  The partnership with Molson Coors has continued to progress well, moving
beyond the initial transition period and beginning to leverage the new
network, with new account wins, increasing distribution and momentum as we
progress through the year.

o  The brand launched its first national US marketing campaign in April,
encompassing TV, digital, e-commerce, and a nationwide sampling initiative.

·    Diversification strategy continues to gain scale

o  A new UK marketing campaign, "Straight Up or Mixed, it's a matter of
taste", launched in April, highlighting Fever-Tree's relevance as both a mixer
and premium soft drink across a wider range of drinking occasions.

o  Continued strong momentum in Australia, driven by our premium soft drinks'
portfolio, including the launch of Lemon, Lime & Bitters in collaboration
with Angostura Bitters.

·    Continued category leadership

o  Further share gains across key markets including the UK, Europe and the
US.

·    Building business resilience

o  As disclosed in the FY25 results presentation, 2026 glass costs are fully
hedged with respect to the impact of elevated energy costs. Since then, we
have significantly extended coverage through 2027 and into 2028 for energy and
increased our hedging position across all other significant cost components
into 2027.

 

Share Buyback

Today the Board has announced a further £30m extension of the share buyback
programme. This builds on the £100m share buyback completed in FY25 and the
ongoing £30m tranche, of which £18.9m has been returned as of 5 June 2026.

With confidence in the company's prospects and a cash compounding business
model, the Board views a share buyback programme as a highly effective
mechanism to drive shareholder value, alongside a progressive dividend policy,
while enabling the business to continue to invest to accelerate growth.

Tim Warrillow, CEO of Fever-Tree commented:

"We have continued to make good progress against our strategic priorities so
far this year. Fever-Tree is well placed to drive long-term growth across our
markets as both a premium mixer and soft drink brand and this year we are
significantly increasing marketing investment and innovating to support our
growth ambitions. Notwithstanding the current uncertainty in the geopolitical
backdrop, we are well hedged from a cost perspective and remain confident in
achieving market expectations for both adjusted revenue and EBITDA."

Next Scheduled Announcement

The Group will announce its Interim Results on 10 September 2026.
 
For more information please contact:

Investor queries

Steve Nightingale, Investor Relations Director (Interim)
steve.nightingale@fever-tree.com (mailto:steve.nightingale@fever-tree.com) I
+44 (0) 7951 849 564

Media queries

Oliver Winters, Director of Communications I oliver.winters@fever-tree.com
(mailto:oliver.winters@fever-tree.com) I +44 (0) 770 332 9024

 

Nominated Advisor and Broker - Investec Bank plc

David Flin +44 (0)20 7597 5970 | James Hopton +44 (0) 20 7597 2046

Corporate Broker - Jefferies International Limited

Ed Matthews +44 (0) 20 7029 8000

Financial PR advisers - FGS Global

Faeth Birch +44 (0)7768 943 171; Anjali Unnikrishnan +44 (0) 7826 534 233

 

 

Notes to the Editors:

Fever-Tree is the world's leading supplier of premium carbonated mixers by
retail sales value, with distribution to over 95 countries worldwide. Based in
the UK, the brand was launched in 2005 to provide high quality mixers which
could cater to the growing demand for premium spirits, in particular gin, but
also increasingly for vodka, rum and whisky. The Company now sells a range of
carbonated mixers to hotels, restaurants, bars and cafes ("On Trade") as well
as selected retail outlets ("Off Trade").

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMUWONRNOUNRAR



            Copyright 2019 Regulatory News Service, all rights reserved