Treatt (TET)

Sector:

Industrial Chemicals

Index:

FTSE Small Cap

485.00p
   
  • Change Today:
    -2.50p
  • 52 Week High: 724.00
  • 52 Week Low: 370.00
  • Currency: UK Pounds
  • Shares Issued: 60.72m
  • Volume: 69,336
  • Market Cap: £294.51m
  • RiskGrade: 277

Treatt ends first half in line as it returns to normal seasonality

By Josh White

Date: Monday 11 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Ingredients maker Treatt said in a trading update on Monday that its first-half revenue was ahead 9%, or 11% at constant currency, at £66.3m.

The London-listed company said its order book grew more than 15% in the six months ended 31 March, with a "particularly strong" pipeline in its 'healthier living', citrus and coffee categories.

As previously guided, the firm returned to pre-Covid-19 seasonality, with operating profit looking to be weighted towards the second half.

It said its investment in skills and expertise across all levels of the business was supporting its long-term growth, while trading was in line with the board's expectations for the half-year.

"After a record performance for the business last year, we've continued the momentum into the first half with a good sales performance, particularly driven by our largest category, citrus, where we have grown a number of longstanding relationships working with some of the biggest beverage companies," said chief executive officer Daemmon Reeve.

"This year's performance is expected to reflect a reversion to more normalised beverage trends and overall trading continues in line with the board's expectations.

"Despite the wider macro uncertainties, our second half pipeline is strong, we are bringing more of our new UK site into operation and we are seeing good opportunities across a number of categories, so remain confident for the future."

Treatt said it would announce its half-year results for the six months ended 31 March on 10 May.

At 1008 BST, shares in Treatt were down 0.1% at 1,156.8p.

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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 485.00p
Change Today -2.50p
% Change -0.51 %
52 Week High 724.00
52 Week Low 370.00
Volume 69,336
Shares Issued 60.72m
Market Cap £294.51m
RiskGrade 277

Treatt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.57% below the market average96.57% below the market average96.57% below the market average96.57% below the market average96.57% 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
32.25% below the market average32.25% below the market average32.25% below the market average32.25% below the market average32.25% below the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income
83.1% below the market average83.1% below the market average83.1% below the market average83.1% below the market average83.1% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Growth
60.77% below the market average60.77% below the market average60.77% below the market average60.77% below the market average60.77% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 7
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 04-Jul-24 01-Feb-24
Paid 15-Aug-24 14-Mar-24
Amount 2.60p 5.46p

Trades for 15-May-2024

Time Volume / Share Price
12:17 734 @ 485.00p
12:17 5,079 @ 485.00p
12:17 2,641 @ 485.00p
12:09 249 @ 485.00p
12:08 2,872 @ 485.00p

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