Interim Management Statement

RNS Number : 2848N

Treatt PLC

13 February 2009

 



TREATT PLC

INTERIM MANAGEMENT STATEMENT 

YEAR ENDED 30 SEPTEMBER 2009

Interim Management Statement for period ending 12 February 2009

Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and ethically-traded ingredients for the flavour, fragrance and cosmetic industries today publishes its Interim Management Statement as required by the revised Listing Authority Disclosure and Transparency rules. This statement relates to the period from 1 October 2008 to 12 February 2009.

Trading in the period has been in line with the Board's expectations with sales and margins for the first four months of the financial year holding up well.  In particular, sales at R.C. Treatt, the Group's UK operating subsidiary, have increased compared to the same period last year, largely as a consequence of the relative strength of the US Dollar against Sterling.  Consistent with the seasonal pattern of previous years, Treatt USA have had a relatively quiet start to the financial year whilst Earthoil has continued to perform in line with expectations, thereby showing a marked improvement on the results for the prior year.

On a like-for-like basis Group order books are currently 60% higher than at the same time last year, with 78% of the order book denominated in US Dollars, and 11% denominated in Euros.

Treatt Plc's Annual General Meeting takes place on Monday 23 February 2009.

Issue date: 13 February 2009

For further information please contact:

Treatt PLC                             01284 714820

Hugo Bovill, Managing Director                  

Richard Hope, Group Finance Director            

 

END

 

 

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