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
4th Mar 20264:00 pmRNSHolding(s) in Company
19th Feb 20262:54 pmRNSVoting Rights and Capital
12th Feb 20267:00 amRNSUpdate on CFO Recruitment and Board Committees
30th Jan 20264:13 pmRNSAnnual Report and Notice of Annual General Meeting
26th Jan 20264:02 pmRNSHolding(s) in Company
20th Jan 20267:01 amRNSRelationship Agreement and Board Appointment
20th Jan 20267:00 amRNSFull Year Results
12th Jan 20264:25 pmRNSHolding(s) in Company
8th Dec 20257:00 amRNSBoard and Management Appointments & Results Notice
3rd Dec 20257:00 amRNSDirectorate change
1st Dec 202510:24 amRNSBlock Listing Six Monthly Return
1st Dec 202510:21 amRNSBlock Listing Six Monthly Return
25th Nov 20257:00 amRNSDirectorate change
21st Nov 20257:00 amRNSDirectorate change
4th Nov 20251:15 pmRNSForm 8.3 - Treatt Plc
4th Nov 20251:09 pmRNSForm 8.3 TREATT PLC
4th Nov 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
4th Nov 20259:18 amGNWForm 8.5 (EPT/RI)-Treatt plc
3rd Nov 20253:41 pmRNSResults of Court Meeting and General Meeting
3rd Nov 20253:20 pmRNSForm 8.3 - Treatt Plc
3rd Nov 20253:17 pmRNSForm 8.3 - TREATT PLC
3rd Nov 20252:36 pmRNSForm 8.3 TREATT PLC
3rd Nov 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
3rd Nov 202511:11 amRNSForm 8.3 Treatt Plc
3rd Nov 202510:05 amGNWForm 8.5 (EPT/RI)-Treatt plc
31st Oct 20253:15 pmRNSForm 8.3 - Treatt Plc
31st Oct 20253:10 pmRNSForm 8.3 - TREATT PLC
31st Oct 202512:52 pmRNSForm 8.3 TREATT PLC
31st Oct 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
31st Oct 202511:22 amRNSForm 8.3 - Treatt Plc
31st Oct 20259:15 amRNSHolding(s) in Company
31st Oct 20258:52 amRNSForm 8.3 - Treatt plc
30th Oct 20251:16 pmRNSForm 8.3 TREATT PLC
30th Oct 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
29th Oct 202512:40 pmRNSForm 8.3 TREATT PLC
29th Oct 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
28th Oct 20253:20 pmRNSForm 8.3 - Treatt Plc
28th Oct 202512:42 pmRNSForm 8.3 - Treatt Plc
28th Oct 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
28th Oct 202510:28 amRNSForm 8.3 TREATT PLC
27th Oct 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
27th Oct 202511:08 amRNSForm 8.3 - Treatt Plc
27th Oct 202511:06 amRNSForm 8.3 TREATT PLC
27th Oct 20257:00 amRNSStatement re Update on Irrevocable Undertakings
24th Oct 202512:25 pmRNSForm 8.3 - TREATT PLC
24th Oct 202512:00 pmRNSForm 8.5 (EPT/RI) Treatt Plc
24th Oct 202511:49 amRNSForm 8.3 TREATT PLC
24th Oct 20258:26 amGNWForm 8.5 (EPT/RI)-Treatt plc
24th Oct 20257:00 amRNSStatement re Update on Irrevocable Undertakings
23rd Oct 202512:54 pmRNSForm 8.3 - Treatt Plc

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.