REG - Treatt PLC - AGM Trading Update

TreattAnnouncement

28/01/2022 07:00

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RNS Number : 9052Z  Treatt PLC  28 January 2022

28 January 2022

TREATT PLC

("Treatt" or "the Group")

AGM Trading Update

Treatt, the manufacturer and supplier of a diverse and sustainable portfolio
of natural extracts and ingredients for the beverage, flavour and fragrance
industries, announces the following trading update ahead of its AGM to be held
later today at 10.30a.m in the Group's new UK Headquarters in Skyliner Way,
Bury St Edmunds.

Having reported record full year results for the year ended 30 September 2021,
Treatt has made a good start to the new financial year, with the order book up
strongly year-on-year. As previously indicated, against the backdrop of last
year's unusually strong first half, we expect this year's profit before tax
and exceptional items to revert to a more normal H2 weighting, reflecting the
seasonality of beverage consumption in the Northern Hemisphere.

The business continues to grow across multiple categories reflecting our
increasing investment in R&D and our relevance with prevalent consumer
beverage trends, particularly the growing demand for healthier, natural
products.

The move to the new UK headquarters is progressing as planned and will give us
substantial extra capacity in coming years to grow with enhanced efficiency
and an emphasis on sustainability. Our strategy to invest in our people and
capabilities to support our growth journey, which we have announced
previously, is also going well.

The Board therefore looks forward to the remainder of this financial year and
beyond with confidence.

 

Treatt plc                   +44 (0)1284 702500

Daemmon Reeve           Chief Executive Officer

Richard Hope                 Chief Financial Officer

 

Joint Brokers
 

Investec Bank Plc          +44 (0)20 7597 5970

Patrick Robb

David Anderson

 

Peel Hunt LLP               +44 (0) 20 7418 8900

George Sellar

Andrew Clark

Lalit Bose

 

Financial PR

MHP Communications   +44 (0) 20 3128 8789

Tim Rowntree

Simon Hockridge

Catherine Chapman

 

About the Group

Treatt is a global, independent manufacturer and supplier of a diverse and
sustainable portfolio of natural extracts and ingredients for the flavour,
fragrance and multinational consumer product industries, particularly in the
beverage sector. Renowned for its technical expertise and knowledge of
ingredients, their origins and market conditions, Treatt is recognised as a
leader in its field.

 

The Group employs over 300 staff in Europe, North America and Asia and has
manufacturing facilities in the UK and US.  Its international footprint
enables the Group to deliver powerful and integrated solutions for the food,
beverage and fragrance industries across the globe.

 

 

For further information about the Group, visit www.treatt.com
(http://www.treatt.com) .

 

 

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements that are subject to risk
factors associated with, among other things, the economic and business
circumstances occurring from time to time in the countries, sectors and
markets in which the Group operates.  It is believed that the expectations
reflected in these statements are reasonable, but they may be affected by a
wide range of variables which could cause actual results to differ materially
from those currently anticipated.  No assurances can be given that the
forward-looking statements in this announcement will be realised.  The
forward-looking statements reflect the knowledge and information available at
the date of preparation of this announcement and the Group undertakes no
obligation to update these forward-looking statements.  Nothing in this
announcement should be construed as a profit forecast.

 

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