Fever-Tree shares drop despite rampant profits growth

Some people are never satisfied.

A 104 per cent increase in profits was not enough to satisfy investors in Fever-Tree, with shares in the maker of posh mixers dropping as much as 5.6 per cent on Tuesday morning.

Fever-Tree said it was pleased with the results and reported an “encouraging start” to the new year, but at publication time shares were down 4.6 per cent at £13.94.

The company’s results were in line with predictions after Fever-Tree’s last trading update in January, but investors may have been disappointed that there weren’t any further positive surprises. Fever-Tree has made a habit of beating expectations since its IPO in 2014, upgrading forecasts three times last year.