Interim Management Statement

RNS Number : 5225M

Treatt PLC

17 August 2011

 



17 August 2011

TREATT PLC

INTERIM MANAGEMENT STATEMENT

YEAR ENDED 30 SEPTEMBER 2011

Interim Management Statement and Trading Update for period ending 16 August 2011

Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic and fair traded ingredients for the flavour, fragrance and cosmetic industries today publishes its Interim Management Statement and Trading Update relating to the period from 1 April 2010 to 16 August 2011.

Following a very strong first half of the financial year, trading in the period has, as expected, been at a steadier pace with all parts of the Group continuing to perform well.  The outlook for the remainder of the financial year remains healthy and the Group is now expected to exceed its revised expectations for the full financial year.

Looking beyond the current financial year, with the prices of many natural and synthetic flavour and fragrance ingredients continuing at high levels, customers remain wary about contracting too far ahead and therefore order books have weakened, whilst the level of orders for immediate delivery have increased.  Although at present the expectation is that prices will remain firm for some time, there remains the on-going risk that should prices fall then this could have a short term, adverse, impact on Group profits.

Treatt PLC's full year results will be announced on 5 December 2011.

For further information please contact:

Treatt PLC                                                                            01284 714820

Hugo Bovill, Managing Director                                         

Richard Hope, Group Finance Director                            

 

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