Treatt (TET)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

760.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 1,315.00
  • 52 Week Low: 726.00
  • Currency: UK Pounds
  • Shares Issued: 60.01m
  • Volume: 184,224
  • Market Cap: 456.08m
  • RiskGrade: 277

Treatt ends first half in line as it returns to normal seasonality

By Josh White

Date: Monday 11 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Ingredients maker Treatt said in a trading update on Monday that its first-half revenue was ahead 9%, or 11% at constant currency, at £66.3m.

The London-listed company said its order book grew more than 15% in the six months ended 31 March, with a "particularly strong" pipeline in its 'healthier living', citrus and coffee categories.

As previously guided, the firm returned to pre-Covid-19 seasonality, with operating profit looking to be weighted towards the second half.

It said its investment in skills and expertise across all levels of the business was supporting its long-term growth, while trading was in line with the board's expectations for the half-year.

"After a record performance for the business last year, we've continued the momentum into the first half with a good sales performance, particularly driven by our largest category, citrus, where we have grown a number of longstanding relationships working with some of the biggest beverage companies," said chief executive officer Daemmon Reeve.

"This year's performance is expected to reflect a reversion to more normalised beverage trends and overall trading continues in line with the board's expectations.

"Despite the wider macro uncertainties, our second half pipeline is strong, we are bringing more of our new UK site into operation and we are seeing good opportunities across a number of categories, so remain confident for the future."

Treatt said it would announce its half-year results for the six months ended 31 March on 10 May.

At 1008 BST, shares in Treatt were down 0.1% at 1,156.8p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Treatt Market Data

Currency UK Pounds
Share Price 760.00p
Change Today 20.00p
% Change 2.70 %
52 Week High 1,315.00
52 Week Low 726.00
Volume 184,224
Shares Issued 60.01m
Market Cap 456.08m
RiskGrade 277

Treatt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.73% below the market average98.73% below the market average98.73% below the market average98.73% below the market average98.73% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
26.96% below the market average26.96% below the market average26.96% below the market average26.96% below the market average26.96% below the market average
36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average36.84% below the sector average
Income
88.06% below the market average88.06% below the market average88.06% below the market average88.06% below the market average88.06% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
35.59% above the market average35.59% above the market average35.59% above the market average35.59% above the market average35.59% above the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Treatt Dividends

  Latest Previous
  Interim Final
Ex-Div 30-Jun-22 03-Feb-22
Paid 11-Aug-22 17-Mar-22
Amount 2.50p 5.50p

Trades for 24-Jun-2022

Time Volume / Share Price
17:21 1,371 @ 754.10p
16:35 84 @ 760.00p
16:35 1,000 @ 760.00p
16:35 108 @ 760.00p
16:35 71 @ 760.00p

Treatt Key Personnel

CFO Richard Andrew Hope
CEO Daemmon Reeve

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