Shares in drinks company Fevertree (LON:FEVR) rose nearly 4 percent in early morning trading on Monday, after a positive statement from the company’s chairman.
Ahead of the company’s AGM later today, chairman Bill Ronald confirmed that results for the full year to December 31st 2017 would be comfortably head of expectations.
He said the year so far had been “exceptional” for Fevertree, adding that the group had “continued to gain market share in both the on and off trade across all markets.”
“Fever-Tree remains the pioneer and market leader of the premium mixer category and the momentum seen in 2016 has continued in the first four months of 2017”, he concluded.
Fevertree are famous for their premium mixer drinks, including tonic water and ginger beer, and operates across the United Kingdom, Europe and North America.
Shares in the company rose almost 4 percent on the news, before recovering to trade up 1.88 percent at 1,736.00 (0822GMT).
