Treatt (TET)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

 743.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 1,315.00p
  • 52 Week Low: 726.00p
  • Currency: UK Pounds
  • Shares Issued: 60.01m
  • Volume: 0
  • Market Cap: £445.87m
  • RiskGrade: 277

Treatt ups full-year revenue outlook

By Abigail Townsend

Date: Tuesday 10 May 2022

LONDON (ShareCast) - (Sharecast News) - Ingredients group Treatt upgraded its full-year revenue guidance on Monday following a strong start to the year.
The company, which supplies the beverages, flavour and fragrance industries, saw revenues jump 9% in the six months to 31 March, to £66.3m.

Operating profits fell to £6.6m from £10.6m a year previously, while adjusted earnings per share were 8.21p compared to 12.93p at March-end 2021. Pre-tax profits fell to £8.95m from £9.68m.

The company attributed the decline in profits to tough comparisons, after the first half of 2021 was boosted by "Covid-19 related retail channel growth" and a number of major product launches.

It added that the first half of the current year had finished "strongly", and that momentum had carried on into the current half. The order book is currently ahead 25%.

As a result, the firm now expects full-year revenue growth to exceed 15%, while pre-tax profits remained on track to meet consensus forecasts for £21.7m.

Daemmon Reeve, chief executive, acknowledged that the company faced "supply chain and other macro headwinds".

But he continued: "Branded beverages are seen as affordable luxuries, and so we are well insulated against rising inflationary pressures. Our strong order book gives us confidence that we are on track to perform in line with expectations for the full year."

Sara Welford, director of consumer at Edison Group, said: "While's Treatt's full-year revenue outlook has been upgraded, profit expectations remain unchanged as the company continues to invest for the future.

"As per pervious guidance, the second half is expected to witness higher revenue growth than the first, and higher margins, thus reverting to a more normal first half-second half split following two years distorted by the implications of lockdowns."

As at 0945 BST, shares in Treatt were off 8% at 922.24p.

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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 743.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 1,315.00p
52 Week Low 726.00p
Volume 0
Shares Issued 60.01m
Market Cap £445.87m
RiskGrade 277

Treatt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.74% below the market average98.74% below the market average98.74% below the market average98.74% below the market average98.74% 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
28.82% below the market average28.82% below the market average28.82% below the market average28.82% below the market average28.82% below the market average
47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average47.37% below the sector average
Income
88.02% below the market average88.02% below the market average88.02% below the market average88.02% below the market average88.02% 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
31.95% above the market average31.95% above the market average31.95% above the market average31.95% above the market average31.95% above the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% 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 --2022

Time Volume / Share Price
0 @ 0.000p

Treatt Key Personnel

CEO Daemmon Reeve
CFO Ryan Govender

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