Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTreatt Regulatory News (TET)

Share Price Information for Treatt (TET)

Share Price is delayed by 15 minutes
Get Live Data
301.50    -0.50 (-0.17%)
Bid:
302.00
Ask:
302.50
Spread: 0.50 (0.166%)
Market Cap: £177.99m
TET Live PriceLast checked at - London Stock Exchange

Intraday Treatt Share Chart

Trading Statement

28 May 2013 07:00

RNS Number : 5956F
Treatt PLC
28 May 2013
 

28 May 2013

 

TREATT PLC

TRADING UPDATE FOR YEAR ENDING 30 SEPTEMBER 2013

Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredient solutions for the flavour, fragrance and consumer goods industries today issues the following trading update for the year ending 30 September 2013.

Following the recent announcement of our half year results, which showed pre-tax profits up 30% and EPS up 40%, momentum in the business has continued to build towards a very strong Q3. We are delighted to report that Group sales for May 2013 are expected to reach an all-time high and order books for the remainder of Q3 and for Q4 now look promising. This positive commercial environment, coupled with the continuing impact of the Board's new strategy, and the lower overheads and improved margins it is delivering, means that the Board expects the Group to exceed its expectations for the current financial year ending 30 September 2013.

 

Looking further ahead, the strategic creation of a global sales structure, which is clearly focused on selling value-added ingredient solutions with its emphasis on multi-national consumer goods companies, is already leading to significant new opportunities for growth. We are particularly focused on developing new and exciting products for the beverage sector where the possibilities for growing sales are material. The continuing transition of product mix towards added-value manufactured ingredients should enable the Group to target higher margin business. The Board believes that this, coupled with significant cost saving measures, some of which have already been implemented but have not yet delivered their full-year impact, should deliver the long-term sustainable growth in earnings intended.

 

Consequently, the Board believes that the momentum now in the business and the benefits from the initiatives outlined above will extend beyond the current financial year and that the prospects for the business for the years ending 30 September 2014 and 2015 are also improved.

 

The Company intends to release its Interim Management Statement for the second half year in July 2013 and the full year results for the current financial year will be announced on 9 December 2013.

 

For further information please contact:

 

Tim Jones

Chairman

 

Daemmon Reeve

Chief Executive Officer

 

Richard Hope

Group Finance Director

01284 702500

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTZMGZKNDVGFZM
Date   Source Headline
19th May 20225:03 pmRNSHolding(s) in Company
17th May 202211:50 amRNSHolding(s) in Company
13th May 20224:37 pmRNSHolding(s) in Company
13th May 20224:37 pmRNSNotification of Transactions of Director
12th May 20226:17 pmRNSHolding(s) in Company
12th May 20225:07 pmRNSHolding(s) in Company
12th May 202212:09 pmRNSNotification of Transactions of Director
11th May 20224:24 pmRNSHolding(s) in Company
11th May 20223:18 pmRNSNotification of Transactions of Director
10th May 20227:00 amRNSHalf-year Report
27th Apr 202210:28 amRNSDirector Declaration
11th Apr 20227:00 amRNSHalf Year Trading Update and Notice of Results
1st Apr 20221:59 pmRNSVoting Rights and Capital
30th Mar 20223:00 pmRNSNotification of Transactions of Director
24th Mar 20225:02 pmRNSNotification of Transactions of a PCA
22nd Mar 20224:55 pmRNSNotification of Transactions of Directors & PCA
22nd Mar 20229:10 amRNSDirector Declaration
8th Mar 202211:09 amRNSStandard Form for notification of major holdings
7th Mar 20222:19 pmRNSNotifications of Transactions of Director
7th Mar 202210:41 amRNSNotification of Transactions of Director
16th Feb 20227:00 amRNSAppointment of Chief Financial Officer
8th Feb 20225:06 pmRNSStandard Form for notification of major holdings
28th Jan 20223:29 pmRNSResult of AGM
28th Jan 20227:00 amRNSAGM Trading Update
25th Jan 20223:50 pmRNSStandard Form for notification of major holdings
20th Jan 202212:18 pmRNSConfirmation of AGM arrangements
17th Jan 20229:36 amRNSBoard Appointments
14th Jan 20229:30 amRNSVoting Rights and Capital
20th Dec 20216:16 pmRNSNotification of Transactions of Director
16th Dec 20215:50 pmRNSNotification of Transactions of Director & PCA
14th Dec 20219:07 amRNSAnnual Report
8th Dec 20214:49 pmRNSStandard form for notification of major holdings
8th Dec 20214:46 pmRNSStandard form for notification of major holdings
6th Dec 202112:32 pmRNSNotification of Transactions of Director
6th Dec 20218:58 amRNSStandard form for notification of major holdings
1st Dec 20215:25 pmRNSBLOCK LISTING SIX MONTHLY RETURN
1st Dec 20215:20 pmRNSBLOCK LISTING SIX MONTHLY RETURN
30th Nov 20217:00 amRNSFull Year Results
26th Nov 20218:25 amRNSDirector Declaration
9th Nov 20215:11 pmRNSStandard form for notification of major holdings
18th Oct 20215:58 pmRNSStandard form for notification of major holdings
18th Oct 202110:29 amRNSStandard form for notification of major holdings
15th Oct 20214:25 pmRNSStandard form for notification of major holdings
11th Oct 20217:00 amRNSTrading Update
7th Oct 20214:07 pmRNSNotification of Transactions of a PCA
4th Oct 20214:54 pmRNSTotal Voting Rights
4th Oct 202110:30 amRNSDirector/PDMR Shareholding
21st Sep 20212:25 pmRNSChange of Registered Office
21st Sep 202111:50 amRNSDirector/PDMR Shareholding
21st Sep 20219:50 amRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.