Fevertree Drinks (GB:FEVR) has released an update.
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Fevertree Drinks PLC has reported a modest 2% revenue growth year-on-year for its Fever-Tree brand, despite challenging conditions such as poor weather in Europe and a subdued market. The company has seen significant market share growth in the US and has recommended an increased interim dividend due to a substantial improvement in margins and an 80% increase in adjusted EBITDA. With a strong balance sheet, Fevertree anticipates returning surplus cash to shareholders in FY25 and is optimistic about continued growth.
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