Trading Statement

RNS Number : 2922V

Treatt PLC

27 January 2017

 

27 January 2017

TREATT PLC

AGM Trading Update for the year ending on 30 September 2017

Treatt Plc (the 'Company' or the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries will hold its AGM at 10.30 a.m. today, Friday 27 January 2017.

At today's AGM, the Chairman, Tim Jones, will make the following statement:

"We are now almost four months into the current financial year ending on 30 September 2017, and I am pleased to report that the business has made an encouraging start to the year with both revenues and gross margins being above the same period last year.  Similarly, order book levels continue to be above the same period last year as the impact of new business wins begin to convert to orders, which augurs well as the business enters the seasonally busier time of the year.

Although there is obviously still a long way to go, we are confident that we will meet the Board's expectations for profit before tax for the year ending 30 September 2017."

Treatt Plc's Half Year Results for the six months ending 31 March 2017 will be announced on 9 May 2017.

Enquiries:

Treatt plc                             [phone]

Daemmon Reeve             Chief Executive Officer

Richard Hope                     Finance Director

Brokers                                               

Investec Investment Banking

Patrick Robb                      [phone]

David Anderson

Public relations

Davidson Ryan Dore

Lawrence Dore                 [phone]

About the Group

Treatt is a global, independent supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field.

The Group employs over 300 staff in Europe, North America, Africa and Asia and has manufacturing facilities in the UK, USA and Kenya.  Its international foot print enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe.

Earthoil is the cosmetics ingredients division of Treatt, which specialises in pure and organic fair trade essential and cold pressed vegetable seed oils, offering a broad spectrum of natural raw materials for cosmetic applications.

For further information about the Group, visit www.treatt.com and www.earthoil.com.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates.  It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated.  No assurances can be given that the forward-looking statements in this announcement will be realised.  The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements.  Nothing in this announcement should be construed as a profit forecast.

 

END

 

 

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