Fever-Tree adjusted earnings up 97%

Premium carbonated mixers supplier Fever-Tree's revenues rose by 73% to £102.2m in the year to the end of December.

Gross profits margins rose to 55.2% fron 52.1% and adjusted EBITDA increased by 97% to £35.8m (2015: £18.2m).

The board has recommended a final dividend of 4.71 pence per share which would take the total dividend to 6.25 pence per share (2015: 3.08 pence per share).

The company also announced that Charles Rolls would transition from executive deputy chairman to become non-executive deputy chairman at the AGM in May.

Chief executive Tim Warrillow said: "2016 has been another exceptional year of growth for Fever-Tree, with strong results achieved across all regions, channels and flavours, emphasising the global appeal of the Fever-Tree brand.

"As the pioneer and market leader of the premium mixer category, in both market share and reputation, our quality, award winning range of products continues to help drive the momentum towards premiumisation and simple long drink mixability that is transforming both the spirits and mixer categories worldwide.

"As co-founder of Fever-Tree, Charles's support and advice will continue to be invaluable to the Company. We have an excellent and growing team in place and I personally look forward to continuing to work with Charles as we further build on the success of the brand that we created together 14 years ago.

"We have had an encouraging start to 2017 and remain confident that we are increasingly well positioned to deliver further growth across the business."