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 reports strong trading as consumers go healthy

By Sean Farrell

Date: Monday 12 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Treatt said it was trading strongly after first-half revenue rose 14% supported by a trend toward healthier living during the pandemic.
The ingredients supplier said it expected revenue to rise to £60.8m in the six months to the end of March from £53.6m a year earlier. In constant currency revenue rose by about 16%. Treatt stuck to guidance issued in January when it said annual profit would easily beat expectations.

First-half revenue was driven by rapid growth in high-margin categories of tea, health and wellness and fruit and vegetables, Treatt said. As a result profit margins have expanded, the company added.

Treatt shares rose 2.3% to 980p at 08:23 GMT. The shares have gained 90% in the past year.

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.

Treatt said it won significant new business in the first half across a wide range of drinks and flavours, including alcoholic seltzers which are increasingly popular in the US and taking off in other countries. The company's citrus business, which was a drag on performance, has returned to modest growth, it said.

April is on track to be another strong month and second-half performance should be bolstered by increased demand as hospitality venues, including sports stadiums, reopen, Treatt said.

Daemmon Reeve, Treatt's chief executive, said: "Performance across the group continues to be very strong despite the ongoing global Covid-19 related restrictions. These measures continue to impact our customers in global hospitality industries and whilst the outlook is promising, we are taking a conservative approach and will assess how our order book progresses in the coming weeks and months. The success we have had in diversifying the group's flavour and fragrance expertise across a wide range of categories has helped our resilience over the period."

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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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