Treatt Share Price (TET)

As TET is a company ultimately serving the consumer sector, is it surprising that the SP is under pressure. Incomes are squeezed due to fuel price hikes, general inflation incomes are fairly static and the economy has stalled due to covid. Clearly, discretionary purchases will suffer...like trendy beverages which Treatt contribute to.
The writing is on the wall!!!!

Treatt CEO Daemmon Reeve and CFO Richard Hope present interim results for the 6 months ended 31st March 2022.

Watch the video here: https://www.piworld.co.uk/company-videos/treatt-tet-half-year-results-presentation-may-2022/

Or listen to the podcast here: https://piworld.podbean.com/e/treatt-tet-half-year-results-presentation-may-2022/

https://www.proactiveinvestors.co.uk/companies/news/981844/treatt-tumbles-despite-increasing-revenue-981844.html

Record H1 revenue with 9% growth across the portfolio.
· As anticipated, returning to traditional H2 profit weighting:
Ø H1 2021 benefitted from COVID-19 related retail channel growth and significant product launches.
Ø Normal seasonality returning driven by Spring/Summer beverage consumption in Northern hemisphere.
Ø Strong anticipated growth in healthier living categories expected to drive higher margins.
· H1 2022 ended strongly, and momentum has continued into H2; order book up by more than 25% compared with equivalent prior year period giving confidence in the outlook.
· Revenue growth for full year now expected to exceed 15%; on track to deliver full year PBT market consensus of £21.7m
· Ongoing investment in the Group's capacity, people and innovation to deliver long-term growth.

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