Treatt PLC
02 August 2007
TREATT PLC
TRADING UPDATE
YEAR ENDED 30 SEPTEMBER 2007
Treatt PLC (the 'Group'), the manufacturer and supplier of conventional, organic
and ethically-traded ingredients for the flavour, fragrance and cosmetic
industries today provides an update on trading for the year ended 30 September
2007.
In the interim results announcement for the six months to 31 March 2007,
announced on 21 May 2007, the Board stated it was too early to be certain that
full year profits would meet market expectations. The Board also detailed the
impact of the weakening US Dollar on the Group's profits for the period. Since
then, the US Dollar has continued to weaken and Treatt USA's sales have been
steady and not grown as much as expected. Profits for the year are therefore
currently expected to be approximately GBP0.6 million below market expectations
of £3.3 million. Of this shortfall, GBP0.4 million is due to the weaker US
Dollar, after hedging.
The Group's main operating subsidiary in the UK, R.C. Treatt, is trading well
and Treatt USA's sales are expected to improve over the coming months. Indeed,
across the Group, order books for 2007 and 2008 are currently at record levels.
In addition, the acquisition of 50% of Earthoil in February 2007 provides the
Group with significant opportunities in the markets for organic and ethically
traded essential and vegetable oils.
The Group intends to announce its preliminary results for the year ended 30
September 2007 on 10 December 2007.
For further information please contact:
Treatt PLC 01284 702500
Hugo Bovill, Managing Director
Richard Hope, Group Finance Director
This information is provided by RNS
The company news service from the London Stock Exchange
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