Treatt is a world-leading manufacturer and supplier of flavour, fragrance and cosmetic ingredients. Our diverse product portfolio is the result of over 125 years of technical expertise and experience in the global sourcing of flavour and fragrance raw materials. Through our cosmetics division, Earthoil, we also offer naturally-derived cosmetic ingredients, specialising in organic and fair trade, reflecting our commitment to ethical and sustainable practices.

http://www.treatt.com/

Ex dividend Wed 11 Sept 5.5p

Final Results

RNS


RNS Number : 9742U

Treatt PLC

09 December 2013









9 December 2013



TREATT PLC


FINAL RESULTS


FOR THE YEAR ENDED 30 SEPTEMBER 2013






Treatt plc (the 'Group'), the manufacturer and supplier of conventional, organic and fair trade ingredients for the flavour, fragrance and consumer goods industries, announces today its results for the year ended 30 September 2013.






HIGHLIGHTS for the year:




· Group revenue steady at £74.1 million (2012: £74.0 million)


· Group operating profit increased by 23% to £6.9 million (2012: £5.6 million)


· Adjusted EBITDA* up 20% to £8.3 million (2012: £6.9 million)


· Adjusted profit before tax* increased by 23% to £6.2 million (2012: £5.1 million)


· Dividend increased 19% to 18.5p per share (2012: 15.5p)


· Adjusted basic earnings per share* up 26% to 43.2p (2012: 34.4p)


· Net assets per share increased to £2.62 (2012: £2.48)




Commenting on the results, Group CEO Daemmon Reeve said:

"These figures show clear improvements in Treatt's performance as a result of the new strategy of focusing on core markets and value-added products. Early signs for the current year are encouraging but there remains a lot to do; driving growth, bearing down on costs and creating efficiencies across the business."



* excluding exceptional items - see note 4

9 Dec Investec 685.00 Buy

Edison - Valuation: An attractive investment opportunity
At 12.4x calendarised 2015 P/E, Treatt is at a c 19% discount to its peer group of ingredients companies, and a two-year EPS CAGR (FY13-15e) of 7.8%. There is scope for upgrades if the benefits of the strategies for both top-line growth and margin come to fruition, driven by higher value added contract wins, continued operational savings and synergies from operating from one cross-functional global platform. As a result, we believe that Treatt’s current share price is undemanding and reflects an attractive investment opportunity.

Climbing -

No need for panic - five for one share split takes effect today. Seems to have encouraged some buyers ahead of half year results to end of March due soon.

Half Year Results

RNS


RNS Number : 5183H

Treatt PLC

20 May 2014






TREATT PLC

HALF YEAR RESULTS ANNOUNCEMENT

SIX MONTHS ENDED 31 MARCH 2014



Adjusted earnings per share increased by 37% as the Group continues to make progress towards long-term objectives



Treatt PLC, the manufacturer and supplier of ingredient solutions for the flavour, fragrance and consumer goods industries announces today its half year results for the six months ended 31 March 2014.



HIGHLIGHTS of our half year:

· Revenues for the six months up 11% to £37.1 million (H1 2013: £33.6 million)

· Adjusted EBITDA1 up 27% to £3.8m (H1 2013: £3.0m)

· Adjusted profit before tax1 rose by 39% to £2.8m (H1 2013: £2.0m)

· Adjusted basic earnings per share1 increased by 37% to 3.87p (H1 2013 restated2: 2.82p)

· Interim dividend raised by 13% to 1.24p (2013 interim dividend restated2: 1.10p)



Commenting on the results, Group CEO Daemmon Reeve said:

"We continue to focus our efforts on long term success. Our strategy is gaining good traction and, coupled with the effort and focus of our teams across the globe, the results are both translating into profits today and laying the groundwork for opportunities tomorrow."



1 excluding exceptional items - see note 6

2 restated following five for one sub-division of share capital - see note 9

I hope the charts above are wrong!

5 for 1 split Skinny. It would be nice if one of the clever chaps on these boards could change the charts. This company has really lived up to its name last few years and is still quite small, with lots of potential imo, but always dyor.

Partridge - see the managed bugs thread - the above was an attempt at humour! :-)

Thanks Skinny. Thought it unlike you - I really am becoming a grumpy old man!

Investec Hold 158.50 154.50 143.00 150.00 Reiterates

MIDAS SHARE TIPS: Treatt shares are full of zest and can bear fruit

By Joanne Hart, Financial Mail On Sunday

Published: 22:02, 31 May 2014 | Updated: 22:02, 31 May 2014


Tasty: Profits rose 250 per cent in the US under Daemmon Reeve



Treatt makes ingredients that add flavour and fragrance to food, drinks and toiletries. Controlled by a single family for nearly a century, the firm has emerged from its shell and is keen to expand at home and abroad. The shares are 158½p and should go far.


Treatt’s ingredients go into products from craft beer to yogurt and scented soap to hypoallergenic perfume.


In 1886, essential oils trader Richard Court Treatt founded the business in Bond Street, Central London, and it soon developed links around the world, importing lavender oil from Spain, clove oil from Zanzibar, bitter orange oil from East Africa and cinnamon leaf oil from the Seychelles.


The firm then moved from trading oils to blending and distilling them, working with a range of other ingredients, such as low-calorie sweeteners.


Some of its products are natural, some are produced with additives to create smoky flavours or particular aromas. In every case, however, Treatt has developed a way of making its flavours and fragrances taste and smell the same, even though the raw ingredients – citrus fruit, nuts, flowers – vary naturally from season to season.


This is vital for food, drinks and cosmetics makers, and Treatt’s customers include many of the largest consumer goods groups, such as Nestle and drinks giant Diageo. The group is now based in Bury St Edmunds, Suffolk, but it works with companies in 70 countries and has offices and production sites in China, the US and Kenya.


Though the firm still bears the name of its founder, the family which most influenced the business were the Bovills, who took a seat on the board in 1924 and remained the largest single shareholder until they sold their 29 per cent stake last summer.


The firm is now chaired by social enterprise guru Tim Jones, who was behind the appointment of Daemmon Reeve as boss when the Bovills bowed out. Reeve has worked at Treatt for 20 years, most recently running the US division, where he increased profits by 250 per cent over three years.


Shareholders hope he can repeat this performance across the group. During the Bovill era, the company was run more like a family business than a listed firm, even though it joined the London Stock Exchange in 1989.


Reeve aims to develop closer relationships with large, global customers, particularly in fast-growing areas such as flavoured vodkas, speciality beers, iced tea and low-calorie food.


Early signs are encouraging. Last month the group unveiled a 39 per cent increase in half-year pre-tax profit to £2.8 million on turnover up 11 per cent to £37.1 million.


Brokers expect full-year profits to rise 8 per cent year-on-year to £7 million or more for the 12 months to this September, with turnover rising 5.5 per cent to £78.5 million and the dividend rising nearly 11 per cent to 4.1p.


The cost of some raw materials, particularly citrus oil, has risen sharply this year after poor lemon and lime harvests in Central and South America. As these are key ingredients, this puts pressure on profit margins.


Fortunately, the firm has many suppliers to offset the impact of seasonal volatility. Reeve has also put far more emphasis on cost efficiency than previous management, which is helping to improve earnings.


Midas verdict: Treatt is at the start of a new strategy to deepen relationships with big customers, develop innovative products and keep costs down. The firm is neatly positioned to respond to consumer enthusiasm for natural, healthy ingredients in food, drink and cosmetics and Reeve is determined to show his mettle. Buy.


Traded on: Main market Ticker: TET

Interim Management Statement

RNS


RNS Number : 5429N

Treatt PLC

29 July 2014






28 July 2014



TREATT PLC



Q3 Interim Management Statement

for year ending 30 September 2014



Treatt Plc (the 'Group'), the manufacturer and supplier of innovative 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 April 2014 to 25 July 2014.



Following on from the half year results announcement published on 20 May 2014, the Board is pleased to confirm that the Group performed well in Q3, which was in line with expectations. Indeed, Q3 in 2013 was particularly strong and therefore to repeat a similar performance in 2014 is encouraging.



The raw material costs of a number of key ingredients (particularly orange, lemon and lime oil) are currently high relative to historical levels. This means that with materially higher order books than at this time last year, year-end inventory levels are expected to be £3-4m higher than previously anticipated. We have also seen a continuation of the weakening of the US Dollar against sterling during the period. Due to the FX hedging policies which are in place, the impact on the reported results for the current year will not be material and will largely relate to the re-translation of Treatt USA's profits at a weaker USD/GBP rate as compared with last year. This translation effect is expected to approximate to a £0.3m lower profit for the current financial year than otherwise would have been the case.Looking to the longer term, the Group is continuing to progress well with its strategic emphasis on product innovation and its focus on added-value manufacturing, with notable progress being made in the year on some exciting new beverage ingredient solutions as the range of flavoured alcoholic and non-alcoholic beverages now available in bars, restaurants and supermarkets continues to expand. We are also pleased that, due to increased demand, we are doubling Earthoil's capacity in Kenya for the production of natural oil-based personal care ingredient solutions, and this capacity is expected to come on stream for Earthoil in mid-2015. It should be noted, however, that the impact of higher key raw material prices may present some challenges in terms of maintaining margins over the coming year.



In summary, therefore, with results remaining on track for the current year, the Board remains confident that the Group is on course to meet its expectations for the current financial year ending 30 September 2014.



Treatt Plc's results for the year ending 30 September 2014 will be announced on 9 December 2014.

09 December

Results for Year Announced

Final Results

RNS


RNS Number : 1735Z

Treatt PLC

09 December 2014



9 December 2014



TREATT PLC


FINAL RESULTS


FOR THE YEAR ENDED 30 SEPTEMBER 2014






Treatt plc (the 'Group'), the manufacturer and supplier of ingredient solutions for the flavour, fragrance and consumer goods industries, announces today its results for the year ended 30 September 2014.






HIGHLIGHTS for the year:




· Group revenue increased by 7% to £79.2 million (2013: £74.1 million)


· Group operating profit increased by 10% to £7.6 million (2013: £6.9 million)


· Adjusted EBITDA1 up 9% to £9.0 million (2013: £8.3 million)


· Adjusted profit before tax1 increased by 11% to £6.9 million (2013: £6.2 million)


· Dividend increased 4% to 3.84p per share (20132: 3.70p)


· Adjusted basic earnings per share1 up 15% to 9.95p (20132: 8.64p)


· Net assets per share increased to £0.55 (20132: £0.52)




Commenting on the results, Group CEO Daemmon Reeve said:

"It is pleasing to see the Group's strategy is delivering consistent growth for our shareholders. Our strategy is still in the early stages of delivering a re-shaped business; there is much to do but I am encouraged by the progress so far."



1 excluding exceptional items - see note 4

2 restated following 5 for 1 sub-division of shares

Treatt finance director treats himself

Thu, 08 January 2015


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Price: 137.50

Chg: 2.50

Chg %: 1.85%

Date: 16:55



The finance director of flavour and fragrance ingredients firm Treatt on Thursday increased his stake in the company as the shares dipped towards a 12-month low despite recent encouraging results out from the firm.
Richard Hope purchased 10,089 shares at an individual price of 137.9p, spending a total of £13,913 in the transaction.

December's final results showed the group increased its revenues by 6.9% to £79.2m during the year to September, while profit before tax rose 10.9% to £6.9m.

Chairman Tim Jones said at the time of the report: "The group's strategic progress is encouraging, with its increased focus on value-added and innovative ingredient solutions, particularly in the beverage sector."

Broker Investec was also impressed, noting that cash-flow was solid and even though the group took the opportunity to build inventory in some areas, its higher profits now "ensure the group should generate cash on an underlying basis".

Trading Statement
RNS
RNS Number : 8057I
Treatt PLC
30 March 2015

30 March 2015



TREATT PLC



Pre-close Trading Update for half year ending 31 March 2015



Treatt Plc (the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries today publishes a pre-close trading update for the half year ending 31 March 2015.



As reported in December 2014 the first half of the financial year began with a relatively slow Q1 which reflected the increased seasonality of the business. This seasonality relates to the Group's strategic focus on innovative ingredient solutions for the beverage market in particular. Trading has recovered well in Q2 in line with our expectations. Whilst underlying gross margins continue to improve, this improvement in the first half has been offset, as expected, by some adverse raw material price movements which have affected margins on some longer term fixed price contracts. Overall, H1 has seen solid revenue growth compared to the same period last year, with profits also up.



The first six months of this financial year have been encouraging with new business wins in a number of key market segments including the growing craft beer market, and in the sugar-reduction wellness arena for soft drinks. In addition, active concentration on our partnerships with global customers has enabled us to win added-value citrus and other flavour business across a range of beverage products.



Although movements in FX rates (particularly the US Dollar and Euro) have been more volatile than usual in the first half of the year, we have a number of hedging strategies in place which have mitigated any materially adverse impact which such movements could have caused.



The Board have continued to actively consider a number of options with regard to its UK plant and facilities at Bury St Edmunds which no longer meet the medium to long term needs of the business as we pursue our strategy towards becoming an ingredient solutions partner of choice for both global and local FMCG businesses. Whilst formal plans are some way off, we expect to be in a position to consult with key stakeholders to ensure their support as these plans come together over the next 6-9 months.



Looking ahead to the second half of the financial year, order books are encouragingly ahead of the same period last year and the Board believe the Group remains on course to meet its expectations for the full financial year ending 30 September 2015.



Treatt Plc's results for the half year ending 31 March 2015 will be announced on 19 May 2015.

Treatt upgraded by Investec
StockMarketWire.com
Investec has upgraded its recommendation on Treatt (LON:TET) to 'buy' from 'hold', after the ingredients company reported a "solid" first half performance.

The broker said: "Greater intra group collaboration has resulted in some new business wins in the beverage sector, an area of particular focus.

"These are part reflected in the stronger Q2 performance, but there should be more revenue benefit to come."

Analysts have left their target unchanged at 150 pence a share, implying 10 per cent forecast total return.

The shares have fallen 3 per cent in the past month, despite rising 3 per cent by early afternoon, today.



At 1:47pm: (LON:TET) Treatt PLC share price was +3.5p at 144p


Story provided by StockMarketWire.com

Nice chart.

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