Full Year 2018 Fevertree Drinks PLC Earnings Call Transcript
Good morning, everyone. This is definitely our biggest attendance yet. It's not often soft drinks pulls in quite such a crowd. But anyway, thanks very much for turning up. Before starting I would just like to introduce the rest of the team. Andy, who I know the vast majority of you know, our CFO; Ollie, Head of IR; and I am delighted to have Charles Gibb, our North American CEO, with us this morning. But conscious time is tight, so let's get stuck in.
2018 was another year of strong growth for Fever-Tree. Andy will provide further detail on the numbers shortly, but the Group delivered revenue of just over GBP237 million. That's representing growth of 40% on 2017, resulting in EBIT of GBP78.6 million and growth of 34%.
Our gross profit and EBITDA margins remain robust at 51.8% and 33.1%, respectively. And we retain a strong balance sheet with net cash of just under GBP84 million. And finally, the Board remains confident in the outlook and has recommended paying a final dividend of GBP10.3 pence per share, which is up 35% on 2017.
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