TREATT PLC
(“Treatt” or “the Group”)
AGM Trading Update
Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, announces the following trading update ahead of its AGM to be held later today at 10.30a.m in the Group's new UK Headquarters in Skyliner Way, Bury St Edmunds.
Having reported record full year results for the year ended 30 September 2021, Treatt has made a good start to the new financial year, with the order book up strongly year-on-year. As previously indicated, against the backdrop of last year's unusually strong first half, we expect this year's profit before tax and exceptional items to revert to a more normal H2 weighting, reflecting the seasonality of beverage consumption in the Northern Hemisphere.
The business continues to grow across multiple categories reflecting our increasing investment in R&D and our relevance with prevalent consumer beverage trends, particularly the growing demand for healthier, natural products.
The move to the new UK headquarters is progressing as planned and will give us substantial extra capacity in coming years to grow with enhanced efficiency and an emphasis on sustainability. Our strategy to invest in our people and capabilities to support our growth journey, which we have announced previously, is also going well.
The Board therefore looks forward to the remainder of this financial year and beyond with confidence.