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Fevertree Drinks (FEVR)

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Up 1,413.00p
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Fevertree backs FY guidance despite tough comparatives

24 May 19

LONDON (ShareCast) - (Sharecast News) - Premium mixers maker Fevertree backed its full-year expectations on Friday despite tough comparatives.
In a statement ahead of its annual meeting, the company said the start of 2019 has seen further "encouraging" operational progress across its key international regions as it continues to invest in widening and deepening its distribution networks.

"Whilst we are mindful of last year's exceptional summer trading performance in the UK, we remain confident in achieving board expectations for the full year ending 31 December 2019," it said.

The company pointed out that 2018 was a year of "significant" progress during which it reinforced its market leading position in the UK, established its own operations in the US and made "real" progress across Europe.

At 1022 BST, the shares were down 1.2% at 2,783p.

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Market Data

Currency UK Pounds
Price 1,413.00p
Change Today 13.50p
52 Week High 3,199.00p
52 Week Low 1,365.00p
Volume 66,913
Shares Issued 116.11m
Market Cap 1,640.66m


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