Fevertree is determined not to let coronavirus steal its fizz. Although the pandemic will do some material damage to sales and trading this year because of the forced closures of pubs, bars and restaurants across continents, the maker of upmarket mixers is convinced that the diversity of its revenues will see it through. To help it further, it has a low-cost operating model and no debts; in fact, there was £128.3 million of cash on the balance sheet at the end of last year.
The company certainly seems to have its investors on its side. Having tumbled to a low of 892¼p at a nadir in late-March, the shares have since bounced back and are down 14 per cent since the beginning of the year,
