Interim Management Statement

RNS Number : 5998X

Treatt PLC

17 February 2012

 



TREATT PLC

17 February 2012

Q1 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 October 2011 to 16 February 2012.

As previously announced, the first quarter of the current financial year proved to be very weak with sales and margins for the Group coming under considerable pressure.  In particular, sales and margins at the Group's UK operating business, R.C. Treatt, were significantly down on the same period last year.  However it is pleasing to report that there has been an improvement since the turn of the year for R.C. Treatt with sales for January and February 2012 returning to levels last seen in mid 2011.

The progress at Treatt USA is continuing and sales growth for the first four months of the financial year has been encouraging when compared to the same period in the previous financial year. 

Earthoil, the Group's cosmetics ingredients division (specialising in organic and fair trade) has continued to perform satisfactorily.   

Although it is too early in the current financial year to be certain of the eventual outcome, the Board remain confident that, subject to no material adverse fluctuations in foreign exchange rates, the Group will meet its expectations for the current year.

Treatt Plc's Annual General Meeting takes place on Monday 27 February 2012.

For further information please contact:

Treatt PLC                01284 714820

Hugo Bovill                 Managing Director

Richard Hope            Group Finance Director                              

 

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