REG - Treatt PLC - AGM Trading Update

TreattAnnouncement

30/01/2025 07:00

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RNS Number : 1736V  Treatt PLC  30 January 2025

 

 

30 January 2025

 

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, provides the following update on trading in the year to date,
ahead of its Annual General Meeting to be held later today at 10:30 a.m. at
the Group's UK Headquarters at Skyliner Way, Bury St Edmunds.

Revenue in Q1, which is our quietest quarter, was in line with management's
expectations. Q2 has started well and we are encouraged by a robust pipeline
and order intake. In Heritage 1  (#_ftn1) , we continue to leverage our deep
knowledge and product capabilities to provide solutions to our customers
against a market backdrop of continued high orange oil prices. We remain
focussed on growing higher margin Premium 2  (#_ftn2) volumes and are well
placed with opportunities with both new and existing customers. In New
Markets3, our China business continues to progress well and we are looking
forward to opening our Shanghai Innovation Centre later this year.

In line with the evolved strategy set out in our 2024 full year results, our
new organisational structure went live on 1 January 2025, increasing
regionally focussed activity levels and helping us to get closer to our
customers.

Cash generation continues to be a focus and remains in line with management's
expectations for the full year.

 

Management's outlook for the full year remains unchanged.

 

 

Treatt plc                            +44 (0)1284 702500

David Shannon                  Chief Executive Officer

Ryan Govender                   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

 

Financial PR

MHP                                       +44(0) 20 3128
8100

Tim Rowntree                       Treatt@mhpgroup.com

Eleni Menikou

 

 

 

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 400 people 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
(https://protect.checkpoint.com/v2/r06/___http:/www.treatt.com___.ZXV3MjpuZXh0MTU6YzpvOjg3ZjMxZjI0MjZkZTBkODIwZGFhMTMzYjZhMWJjNTQ4Ojc6YmViZDpmYWNhMDVjZDAxOWMwYjIxMmNmNDhkOGEyMzUzYWQ2NDBlY2VmMGU4NmNiNTQwNjQyMzMyZWI1YjljNDIzMzI3OnA6VDpU)
.

 

 

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.

 

 1  (#_ftnref1) 'Heritage': Citrus, Herbs Spices and Florals and Synthetic
Aroma

 2  (#_ftnref2) 'Premium': Fruit & Vegetables, Health & Wellness and
Tea

3 'New markets': China, Treattzest and Coffee

 

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