Last checked at 28 Sep 2012 16:06
28 September 2012
TREATT PLC
Pre-Close Trading Update for year ending 30 September 2012
Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredients for the flavour, fragrance and cosmetic industries today publishes a pre-close period trading update for the year ending 30 September 2012.
The final quarter of the financial year has seen a steady improvement in the performance of the Group's UK operating company, R.C. Treatt, with Treatt USA and Earthoil performing in line with expectations. In recent weeks the Group has also benefitted from a £0.3m foreign exchange gain following the weakening of the US Dollar against Sterling. As a consequence, the Group is now expected to marginally exceed its expectations for Group profit before tax for the full financial year, excluding any compensation payments for loss of office which may be payable (see announcement dated 27 July 2012).
Looking beyond the current financial year, order books for the first quarter of the new financial year, which is seasonally the Group's weakest quarter, are encouraging. Having successfully managed the risk associated with volatile orange oil prices over the last two years (orange oil related sales represent Treatt's largest product segment), the Group continues to win new business across its product portfolio.
Treatt PLC's full year results will be announced on 10 December 2012.
For further information please contact:
Treatt PLC 01284 714820
Daemmon Reeve, Group Chief Executive Officer
Richard Hope, Group Finance Director