Fever-Tree Profit Jumps 34% On Gin Craze, Tonic Mixes

British premium drinks maker Fever-Tree Drinks Plc has reported a 34% jump in annual adjusted core earnings as Briton's gin thirst grew and supported demand for the company's mixers.

EBITDA And Revenue

Fever-Tree said adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to £78.6 million in the year ended on December 31, 2018, from £58.7 million pounds a year earlier.

Meanwhile, revenue rose 40% to £237.4 million.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.