The company behind the famous tonic water also benefitted from weaker sterling during Q3
Companies: Fevertree Drinks PLC
The company behind Fevertree Tonic Water, Fevertree Drinks Plc, put out a very positive trading update this morning, saying the group had seen strong sales in the period and expected full-year results to be "materially" ahead of expectations.
The Board said performance in the UK, the Group's largest market, was particularly good as distribution gains combined with strong growth in sales. The results also benefitted from weaker sterling, with c.65% of sales coming from outside of the UK in 2015.
The group's share price jumped 10.4% as the market priced in the revised estimates.