Trading Update

RNS Number : 0694B

Treatt PLC

28 March 2013

 



28 March 2013

TREATT PLC

TRADING UPDATE FOR YEAR ENDING 30 SEPTEMBER 2013

At the Extraordinary General Meeting being held at 10.30am today, the Chairman, Tim Jones, will make the following statement:

Pre Half Year Close Period Trading Update

Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredients for the flavour, fragrance and cosmetic industries today issues the following trading update prior to entering the close period for its half year results for the period ending 31 March 2013.

The Group is scheduled to announce its half year results on 13 May 2013 and expects to be able to report results which are ahead of the same period last year.

As the new strategy, which focusses the Group on its core strength as an added-value ingredients solutions provider to the flavour, fragrance and consumer goods sector encompassing the beverage market, continues to show early signs of success, it is pleasing that there is a healthy level of momentum building towards a good Q3.

R.C. Treatt, the Group's UK-based operation, has continued to perform well in Q2, and order books are well up on a year ago.  Whilst Treatt USA had a slower start to the financial year due to seasonality in the Northern Hemisphere beverage market, it has finished the first half well and is also looking well-placed to have a strong Q3.  The Earthoil Group, the cosmetic ingredients division, is currently ahead of expectations, although it remains a small proportion of overall Group performance.

Whilst it is still too early in the financial year to be certain of the eventual outcome for the full year, the Board remains confident that the Group will meet its expectations for the year ending 30 September 2013.

For further information please contact:

Tim Jones

Chairman

Daemmon Reeve

Chief Executive Officer

Richard Hope

Group Finance Director

01284 702500

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