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  • 30 Nov 23
Treatt - Return to growth in FY23

Treatt’s FY23 results show a significantly improved y-o-y operating performance, delivering revenue and profit growth alongside record cash generation. Sales in H223 were affected by the destocking of inventory from clients, although management notes early signs of this reversing. Particularly strong growth came from Treatt’s new markets segment (Coffee, China and Treattzest), up 61% y-o-y. Record cash generation resulted in net debt more than halving to £10.4m. Management is focusing on volume

Companies: Treatt plc

Edison
  • 30 Nov 23
Treatt (TET) FY23 results presentation - November 2023
treatt-tet-fy23-results-presentation-november-2023-30-11-2023
  • 16 Oct 23
Treatt - FY23 profits in line despite headwinds

Treatt’s FY23 trading update demonstrated a resilient performance despite the tougher trading environment towards the end of the year. Revenue growth of c 5% (to c £147m) has been driven by price increases, which have mitigated inflationary pressures and supported margins. Sales in H223 slowed due to destocking as clients reduced inventories, although management notes early signs that this is reversing. New markets (Coffee, China and Treattzest citrus) displayed particularly strong growth, with

Companies: Treatt plc

Edison
  • 10 May 23
Treatt - A strong start to the year

Treatt’s H123 results demonstrate that the business is back to greater stability and resilience. The growth was particularly impressive in Citrus, Coffee and China, and management is quietly confident about the rest of the year. We continue to believe that risk lies to the upside in terms of market expectations. Growth in H1 was driven by price increases, which offset inflationary pressures and supported margins. Cost control and efficiency measures are ongoing, and cash flow was strong, as high

Companies: Treatt plc

Edison
  • 10 May 23
Treatt (TET) Interim results presentation - May 23
treatt-tet-interim-results-presentation-may-23-10-05-2023
  • 04 May 23
Treatt (TET) - Vox Markets Fund Manager Series: Abby Glennie of abrdn
treatt-tet-vox-markets-fund-manager-series-abby-glennie-of-abrdn-04-05-2023
  • 17 Apr 23
Treatt - Strong revenue growth, profit in line

After the usual slower start to the year, Treatt has had a strong Q2; H123 sales growth was 8.5% at constant currency. Momentum is expected to continue into H2, with current sales growth mainly skewed to price as Treatt continues to recover increased costs, though there was also a small contribution from an improvement in mix. Citrus continued to perform strongly as Treatt pursues its strategy of moving away from the lower-margin products. We raise our FY23 sales forecasts to reflect the strong

Companies: Treatt plc

Edison
  • 30 Jan 23
Treatt - Back to steady growth

Treatt’s AGM trading update suggests a more normal and steady pattern of trading has resumed, following the setbacks that caused the profit warning last August. Management has clearly taken rapid steps to address the issues that were identified, and indeed this was already evident in October’s FY22 pre-close trading update. Performance remains in line with management expectations and our forecasts are unchanged.

Companies: Treatt plc

Edison
  • 01 Dec 22
Treatt - Rebuilding confidence

Treatt’s FY22 results were in line with the revised guidance issued in August. Management once again explained the steps that have been taken to improve processes around sales pricing and cost recovery, with new FX management systems already implemented. Coffee was reported as a standalone segment for the first time as revenues broke through £1m. While it is still early, the company expects coffee to provide significant growth in the years ahead. Management remains optimistic despite the dampene

Companies: Treatt plc

Edison
  • 01 Dec 22
Treatt (TET) Full Year 2022 results presentation - November 2022
treatt-tet-full-year-2022-results-presentation-november-2022-01-12-2022
  • 14 Oct 22
Treatt - Holding steady

Treatt’s FY22 trading update was in line with the reduced guidance issued on 15 August, ie adjusted PBT of £15–15.3m. Revenue growth of 13% is in line with market expectations and the dividend policy remains unchanged. Revenue growth spanned all categories with the exception of tea, as per the August statement. Health and Wellness and Synthetic Aroma witnessed particularly strong growth. The over-hedging, which was highlighted in August and caused part of the downgrade to profits, has now been c

Companies: Treatt plc

Edison
  • 07 Sep 22
Treatt - Rebasing expectations

Treatt’s unexpected trading statement of 15 August reduced FY22 pre-tax profit guidance to a range of £15.0–15.3m versus our previous forecast of £21.9m (pre-exceptional rather than normalised). The main drivers of the downgrade were lower sales in tea, driven by weak consumer confidence in the United States; over-hedging, which resulted in losses crystallising due to the devaluation of sterling against the US dollar; continued input cost inflation; and slower growth in China owing to ongoing CO

Companies: Treatt plc

Edison
  • 08 Jul 22
Treatt - New facility to drive growth

Treatt has performed consistently well over the last few years, as it has moved from a commodity trading house to a partner and provider of advanced ingredients solutions. Following its successful expansion of capacity in the United States, it relocated its UK headquarters and manufacturing capability, with almost all staff now working from the new site. This should mark an inflection point for the business as the new facility is significantly more automated, allowing for greater efficiencies. T

Companies: Treatt plc

Edison
  • 12 May 22
Treatt - Upgrading revenue forecasts

Treatt has witnessed another good performance: H1 revenue grew by an impressive 9%, with growth across five of Treatt’s six categories. Management has upgraded its revenue growth expectations for the year to 15% and sees pre-tax profit being on track to meet current consensus of £21.7m, as the company continues to invest for the future. We upgrade our revenue forecasts in line with guidance, though our profit forecasts remain broadly unchanged. As per previous guidance, H2 is expected to witness

Companies: Treatt plc

Edison
  • 10 May 22
Treatt (TET) Half Year results presentation - May 2022
treatt-tet-half-year-results-presentation-may-2022-10-05-2022

Treatt plc

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Latest News/RNS

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Date Source Announcement
10Apr24 07:00 RNS Treatt PLC - Half Year Trading Update & Notice of Results
19Mar24 15:40 RNS Treatt PLC - Notification of Transactions of Directors
04Mar24 07:00 RNS Treatt PLC - Appointment of Chief Executive Officer
13Feb24 09:35 RNS Treatt PLC - Holding(s) in Company
31Jan24 14:41 RNS Treatt PLC - Notification of Transaction of PDMR
25Jan24 15:49 RNS Treatt PLC - Result of AGM
25Jan24 07:00 RNS Treatt PLC - AGM Trading Update
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