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], 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] 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.
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.
