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Carbonated mixers Fever-Tree said fiscal 2021 lifted its revenue guidance following strong start to the year, though said supply-chain woes were pressuring margins.
For the full-year revenue was increased to £295 million to £304 million in the range.
'However, as is being seen in other sectors, growing challenges from COVID-related logistics disruption and associated costs is putting pressure on the group's margins,' the company said.
The company anticipate gross margins of about 44% for FY21, or 43% inclusive of revenue from GDP's portfolio brands, delivering an earnings before interest, taxes, depreciation and amortisation, or EBITDA margin, of about 20%.
The company reported 'strong sales growth across all its key markets in the first half of FY21 as the on-trade gradually re-opened during the second quarter and Off-Trade sales remained very encouraging,' the company said.
Total like-for-like sales rose 0.362% to 137.1 million.
The on-trade gradually re-opened during the second quarter and off-trade sales remained very encouraging.
Revenue growth of 39% on a constant currency basis was ahead of the board's expectations despite the comparable levels of Covid restrictions present in the first half of fiscal 2021 compared to the first half of FY20.