Treatt (TET)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

1,200.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 1,225.00
  • 52 Week Low: 490.00
  • Currency: UK Pounds
  • Shares Issued: 59.65m
  • Volume: 121,597
  • Market Cap: £715.75m
  • RiskGrade: 277

Treatt shares hit record as profit beats expectations

By Sean Farrell

Date: Friday 22 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Treatt shares jumped to a record after the ingredients supplier predicted annual profit would be well above market expectations.
Trading since the end of September has been strong and profit for the first four months of the year is likely to exceed the board's expectations, Treatt said in an update.

The company said it was cautiously optimistic that strong momentum would lead to pretax profit before exceptional items "materially" better than the market consensus of £15.1m. Profit on the same basis was £14.8m in the year to the end of September 2020.

Treatt shares rose 12.2% to 864p at 08:44 GMT. The shares, which have risen by more than 175% since March, hit a record high on Friday.

The company produces food ingredients and fragrances for products such as drinks and household cleaners. The company has performed well during the Covid-19 crisis as demand has increased for herbal teas and other wellbeing-related products as well as ingredients for cleaning products.

Demand is high for citrus, health and wellness, fruit and vegetables and tea products, Treatt said. Some products have been hit by closures of venues because of Covid-19 but this has been more than offset by higher demand from off-trade customers.

Daemmon Reeve, Treatt's chief executive, said: "We're encouraged by our strong trading momentum continuing into the current financial year. Whilst mindful of the global backdrop, we are confident that we can make further progress this year to grow organic revenue across an increasingly global and diversified customer base."

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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 1,200.00p
Change Today 20.00p
% Change 1.69 %
52 Week High 1,225.00
52 Week Low 490.00
Volume 121,597
Shares Issued 59.65m
Market Cap £715.75m
RiskGrade 277

Treatt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.25% below the market average99.25% below the market average99.25% below the market average99.25% below the market average99.25% 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
91.44% above the market average91.44% above the market average91.44% above the market average91.44% above the market average91.44% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Income
97.24% below the market average97.24% below the market average97.24% below the market average97.24% below the market average97.24% 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
Growth
38.57% above the market average38.57% above the market average38.57% above the market average38.57% above the market average38.57% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above 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 01-Jul-21 04-Feb-21
Paid 12-Aug-21 18-Mar-21
Amount 2.00p 4.16p

Trades for 23-Jun-2021

Time Volume / Share Price
16:35 14,169 @ 1,200.00p
16:29 6 @ 1,170.00p
16:29 1 @ 1,170.00p
16:27 8 @ 1,180.00p
16:26 111 @ 1,180.00p

Treatt Key Personnel

CFO Richard Andrew Hope
CEO Daemmon Reeve

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