Interim Management Statement

RNS Number : 6974Q

Treatt PLC

06 August 2010

 



TREATT PLC

INTERIM MANAGEMENT STATEMENT

YEAR ENDED 30 SEPTEMBER 2010

Interim Management Statement and Trading Update for period ending 5 August 2010

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 relating to the period from 1 April 2010 to 5 August 2010.

Trading in the period has been stronger than the Board's original expectations.  As previously reported, the first six months of the current financial year finished strongly. This strength continued into the second half of the financial year with sales and profits in Q3 ahead of last year but the Board has remained cautious on the result for the full year as Q4 last year was very weak.

Business in the first part of Q4 has remained very healthy with the level of the Group's order book for prompt delivery continuing to run at a very high level. As a result, the Board now believes that full year profits for the current financial year to 30 September 2010 will exceed its original expectations.  

Looking forward, prices of many natural and synthetic flavour and fragrance ingredients continue at record levels due to strong demand and supply shortages. There is no certainty how long this position will continue and there is always the risk that demand and/or prices will fall which could have an adverse impact on the Group's profitability.

Treatt PLC's full year results will be announced on 6 December 2010.

For further information please contact:

Treatt PLC                                                                            01284 714820

Hugo Bovill, Managing Director                                         

Richard Hope, Group Finance Director                            

 

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