UK's Tate & Lyle H1 revenue rises, maintains 2027 forecast

Tate & Lyle

Today 07:29

Overview
UK food ingredients maker's preliminary H1 revenue was GBP 1.04 bln
Adjusted pretax profit for preliminary H1 was GBP 102 mln
Company raised interim dividend to 6.8p from 6.6p per share

Outlook
Company maintains outlook for modest constant-currency revenue growth, weighted to H2
 Group expects broadly flat EBITDA before US$20 mln bio-gums capacity consolidation impactResults Driver
PRICING-LED VOLUME/MIX – Strategic 2026 customer-contract pricing actions delivered 3% volume/mix growth, partly offset by a 2% price decline
 US TARIFFS AND EUROPEAN SWEETENERS – US tariff reimbursements and declining European bulk sweeteners and co-products weighed on revenue
COST INFLATION AND INVESTMENT – Adjusted EBITDA fell as pricing actions, capability and IT spending, and EMEA inflation outweighed volume growth, synergies and productivity savings

Company press release: ID:nRSE8618Ba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
GBP 1.04 bln
 
H1 Adjusted Pretax Profit
 
GBP 102 mln
 
H1 Dividend
 
GBP 0.07
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Tate & Lyle PLC is GBp595.00, about 5.3% above its November 4 closing price of GBp565.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)