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, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds.
Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year.
In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers.
Cash generation continues to be a focus and remains in line with management’s expectations for the full year.
Management’s outlook for the full year remains unchanged.
- ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma
- ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea
- ‘New markets’: China, Treattzest and Coffee