Interim Management Statement

RNS Number : 2161K

Treatt PLC

17 August 2012

 



TREATT PLC

Embargoed until 7am, 17 August 2012

Q3 Interim Management Statement for year ending 30 September 2012

Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair trade ingredients for the flavour, fragrance and cosmetic industries today publishes its Interim Management Statement as required by the Listing Authority Disclosure and Transparency rules. This statement relates to the period from 1 April 2012 to 15 August 2012.

Treatt USA has continued to perform well, whilst R.C. Treatt's results have shown an improvement compared with the disappointing first half of the financial year.

Managing fluctuations in raw material prices continues to present the anticipated challenges for the Group, particularly in respect of orange oil, an orange juice by-product which, as expected, has fallen in price by around 70% in the last eighteen months. Sales of orange oil related products represent approximately 25% of Group sales.

Sales and margins at Earthoil, the Group's cosmetics ingredients division (specialising in organic and fair trade), have remained in line with expectations.

Group profit before tax for the full financial year, excluding any compensation payments for loss of office which may be payable (see announcement dated 27 July 2012), remains on course to meet the Board's expectations.

Treatt Plc's results for the year ended 30 September 2012 will be announced on 10 December 2012.

For further information please contact:

Treatt PLC                01284 714820

Daemmon Reeve      Group Chief Executive Officer

Richard Hope            Group Finance Director                              

 

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