Interim Management Statement

RNS Number : 6584Z

Treatt PLC

10 February 2014

 

10 February 2014

TREATT PLC

Q1 Interim Management Statement

for year ending 30 September 2014

Treatt Plc (the 'Group'), the manufacturer and supplier of innovative conventional, organic and fair trade ingredient solutions for the flavour, fragrance and consumer goods 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 2013 to 7 February 2014.

As reported in December, the Group has made a solid start to the current financial year with Q1 trading in line with seasonal expectations.  Q2 has similarly started off as expected, with momentum building towards the seasonally strong part of the financial year.  Order books across the Group continue to be ahead of last year, although not all of this growth will flow into the current financial year due to the long term nature of some contracts.

Pleasingly, the strategic emphasis on added-value ingredient solutions has resulted in a steady flow of new business wins, whilst on-going efficiency improvements continue to take hold across the business.

The Board therefore confirms that whilst the Group remains in the early part of the financial year, it is currently on course to meet its expectations for profit before tax for the financial year ending 30 September 2014.

Treatt Plc's Annual General Meeting takes place on Monday 24 February 2014, which shareholders are warmly encouraged to attend.

For further information please contact:

Treatt Plc                             [phone]

Daemmon Reeve             Chief Executive Officer

Richard Hope                     Finance Director

Brokers                                               

Investec Investment Banking

Patrick Robb                      [phone]

Public relations

Davidson Ryan Dore

Lawrence Dore                 [phone]

About the Group

Treatt is a leading global independent supplier of innovative ingredient solutions for the flavour, fragrance and consumer goods industries with manufacturing facilities in the UK, USA and Kenya.

Treatt employs over 300 staff in the UK, USA, Kenya, France and China. 

Treatt's product categories range from essential oils, particularly citrus oils, specialties for beverage and lower calorie products, fragrance ingredients, aroma and natural chemicals, organic and vegetable oils. 

Naturally-derived cosmetic ingredients are supplied through Earthoil, the personal care and cosmetic ingredients division of Treatt, which specialises in the manufacture and supply of pure, organic, fair trade essential and cold pressed vegetable seed oils.

For further information about the Group, visit www.treatt.com and www.earthoil.com.

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS

This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates.  It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated.  No assurances can be given that the forward-looking statements in this announcement will be realised.  The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements.  Nothing in this announcement should be construed as a profit forecast.

 

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