Fever-Tree shares drop despite rampant profits growth

Listen to this article


Some people are never satisfied.

A 104 per cent increase in profits was not enough to satisfy investors in Fever-Tree, with shares in the maker of posh mixers dropping as much as 5.6 per cent on Tuesday morning.

Fever-Tree said it was pleased with the results and reported an “encouraging start” to the new year, but at publication time shares were down 4.6 per cent at £13.94.

The company’s results were in line with predictions after Fever-Tree’s last trading update in January, but investors may have been disappointed that there weren’t any further positive surprises. Fever-Tree has made a habit of beating expectations since its IPO in 2014, upgrading forecasts three times last year.

Copyright The Financial Times Limited 2017. All rights reserved. You may share using our article tools. Please don't copy articles from FT.com and redistribute by email or post to the web.