Fever-Tree produces high-end mixers and soft drinks
(Picture: Fever-Tree)Shares in high-end tonic water brand Fever-Tree bubbled by 13% in early trading as it announced revenue boosts despite a dip in pre-tax profit and warning on margin pressures.
Reporting its financial results for the six months to the end of June, the manufacturer of mixers for the discerning spirits drinker and markets darling, said that inflationary cost pressures and continued exposure to elevated Trans-Atlantic freight costs had caused gross margins to drop to 37.4% compared to 44.1% during the first half of last year.
