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London Stock Exchange FY21 Interim Results to 30 June 2021 FEVERTREE DRINKS PLC Released 07:00:04 15 September 2021 RNS Half - year / Interim Report RNS Number : 7779L Fevertree Drinks PLC 15 September 2021 ● ● FY21 Interim Highlights Strong sales growth delivered across all Fever - Tree's key markets in the first half of the year with revenue growth of 36 % year - on - year Off - Trade sales exceeded expectations across our regions , remaining above pre - COVID levels , with Fever - Tree extending its premium market - leading position in the UK , US , Europe and RoW On - Trade sales have performed well as markets started to recover during the second quarter Strong continued momentum in the US across both channels , with new distribution and product launches supporting growth in sales and brand awareness The Group continues to make good strategic progress : O Successful launches of the Premium Soda range in the UK On - Trade , Lime & Yuzu Soda and Distillers Cola in the US , and Rhubarb & Raspberry Tonic across Europe Scaling up US glass bottling capabilities to full production on the West Coast , with East Coast bottling to be commissioned during the second half of the year Continued integration of GDP in Germany following the acquisition last year , which is already contributing well to Fever - Tree's growth in the market O O Financial highlights £ m Revenue UK US Europe like - for - like ( excl . GDP ) Europe total * ROW Total like - for - like ( excl . GDP ) Total * Net cash Gross profit Gross margin Fevertree Drinks plc FY21 Interim Results to 30 June 2021 Adjusted EBITDA [ ! ] Adjusted EBITDA margin Diluted EPS ( pence per share ) Dividend ( pence per share ) HI FY21 50.3 36.2 36.7 41.3 14.0 137.1 141.8 62.5 44.1 % 29.2 20.6 % 17.44 5.52 133.2 HI FY20 48.3 27.4 20.5 20.5 8.0 104.2 104.2 48.7 46.8 % 23.8 22.8 % 14.99 5.41 136.9 Change 4 % 32 % 79 % 102 % 73 % 32 % 36 % 28 % ( 270 ) bps 23 % ( 220 ) bps 17 % 2 % September 15 , 2021 ( 3 ) % ● As highlighted in July , gross margins were significantly impacted by on - going global logistics disruption and cost pressures , contributing to a 270bps reduction in gross margin for the first half of the year , notably in relation to elevated trans Atlantic freight charges and US storage costs . We have taken a number of actions to mitigate these pressures but as stated previously , we expect disruption and elevated logistics costs to continue to impact through the remainder of this financial year and into 2022 . Adjusted EBITDA increased by 22.7 % . However , the dilution in gross margin , coupled with maintained levels of underlying operating expenditure has resulted in a reduction in adjusted EBITDA margin to 20.6 % Net cash of £ 133.2 million at period end despite investment in working capital as we built inventories to mitigate supply chain disruption • Recommending an interim dividend of 5.52 pence per share , an increase of 2 % year - on - year Reiterating guidance from July ; FY21 revenue £ 295 - £ 304m and EBITDA c.20 %