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/

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.

free stock charts from uk.advfn.com

MIDAS-SHARE-TIPS-UPDATE-Food-Treatt-worth-keeping-despite-soggy-showing-does-not-reflect-recent-progress.html

Trading Statement
RNS
RNS Number : 0021B
Treatt PLC
02 October 2015

2 October 2015



TREATT PLC


Trading Update for year ended 30 September 2015


Treatt Plc (the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries today publishes a trading update for the year ended 30 September 2015.



The Board is pleased to confirm that the Group has performed well in the second half of the financial year and expects to report revenue and profit before tax for the year ended 30 September 2015 in line with its expectations.



Following a quieter start, momentum grew as the financial year progressed, ending with a stronger fourth quarter. Revenues in the year have been positively impacted by historically high market prices for certain key ingredients, particularly lemon and lime oil, although this has not resulted in higher gross margins.



The cash performance of the Group has been encouraging, with net debt ending the year at its lowest level since 2006. The Board is also pleased to report that the FX strategy in place has prevented movements in FX rates during the year having a material impact on results for the year.



The Group's strategy to innovate and develop relevant and unique ingredient solutions, especially for the beverage market, is gaining further momentum and looking to the financial year ahead, encourages our belief that the Group is on track to build a successful, strong business for the longer term.



Work continues toward facilitating the relocation of the Group's UK site as previously reported, and we anticipate providing an update on progress when we report our full year results for the year ended 30 September 2015 on 8 December 2015.

Ex dividend 03 Mar 2016 Treatt PLC (2.8 P)

Trading Update
RNS
RNS Number : 2613L
Treatt PLC
30 September 2016
 
30 September 2016
 
TREATT PLC
 
Trading Update for year ending 30 September 2016 and Conclusion of Earthoil Earn-out Dispute
 
Trading Update
Treatt Plc (the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries today publishes a trading update for the year ending 30 September 2016.
 
The Board is pleased to confirm that the Group has performed well in the second half of the financial year.  As we approach our financial year end, momentum in the business has continued and consequently the Board now expects to report profit before tax and exceptional items for the year ending 30 September 2016 comfortably above its previous expectations.  
 
The performance across the Group has been consistently strong throughout 2016.  The Group's focus on key beverage sectors including innovative citrus and sugar reduction solutions, as well as key markets such as China and North America, is showing encouraging signs of success. The cash performance of the Group has also been encouraging with net debt expected to end the year at its lowest level since 2005.  
 
The Group's strategy to manage foreign exchange risk has prevented currency fluctuations during the year from having a more material impact on the net results. Whilst the underlying impact of the strengthening US dollar is expected to reduce profits by approximately £0.5m in the current financial year, it is expected that these hedging policies will substantially reverse this figure in the first quarter of the next financial year.
 
Plans for the relocation of the Group's UK site are progressing well.  Discussions with landowners are now at an advanced stage and we anticipate providing a further update on progress when we report our full year results in November 2016.
 
Looking to the year ahead, with the continuing momentum being delivered by our Strategic Plan and the beneficial impact should the US Dollar to Sterling remain at its current rates, the Board believes that the business will continue to perform well and management look to the future with confidence.
 
Treatt Plc's results for the year ending 30 September 2016 will be announced on 29 November 2016.


 
Conclusion of Earthoil Earn-out Dispute
Further to the Group's announcement on 19 July 2016 regarding the dispute with the Sellers of the Earthoil Group regarding the Earn-out, the Group announces that it has reached final settlement with the Sellers which concludes all claims and litigation in respect of the dispute.
 
Payment of £0.9m1 will be made to the Sellers in full and final settlement of the remaining claim, which includes the substantive issues (being the alleged breaches of contract), associated legal costs incurred by the Sellers and interest, and brings the matter to a close.

Nice to see the end (finally) of the Earthoil dispute. Market seems to like the TU, for good reason. A very happy long term holder - just wish they would move to AIM to get IHT relief once held for two years.

Press tips seem to have given a boost and hitting all time highs this week. May pause for breath when funding for new factory is finalised and the project undertaken, but long term story remains intact and imo plenty of room to grow. Always dyor.

Final Results

Adjusted profit before tax up 11% and adjusted EPS up 8% as the Group delivers fourth consecutive year of record results
 
Treatt Plc, the manufacturer and supplier of ingredient solutions for the flavour, fragrance and FMCG industries, announces today its results for the year ended 30 September 2016.
 
HIGHLIGHTS of our year:
·   Revenues for the year up 2% to £88.0 million (2015: £85.9 million)
·   Operating profit increased by 10% to £9.5m (2015: £8.7m)
·   Adjusted profit before tax* increased by 11% to £8.8m (2015: £8.0m)
·   Return on capital employed of 24.6% (2015: 22.1%)
·   Free cash flow of £8.0m (2015: £6.2m)
·   Adjusted basic earnings per share* increased by 8% to 12.84p (2015: 11.94p)
·   Total Dividend per share increased by 8% to 4.35p (2015: 4.04p)
 
Commenting on the results, CEO Daemmon Reeve said:
"Building on our solid progress, the team has once again performed strongly to deliver on our objective of sustainable growth in profits.  The new financial year has started well.  We have much to do across the business to ensure we build on the work of our people over the past year and be able to take advantage of the many opportunities ahead of us."

29 Nov
Investec
290.00
Buy

Very solid results imo and weak sterling should help in 2017, with new year having "Started well". With net debt now almost eliminated, might be possible to consider funding for new factory without issuing new equity, but institutional interest should be strong if they do go down that route. Either way, prospects look sound - risk element in managing the new build/move, but the experienced management should hopefully be up to the job. Mine locked away in ISA. Always dyor.

Update on Site Relocation
RNS
RNS Number : 6487S
Treatt PLC
22 December 2016
 
 
 
 
 
22 December 2016
TREATT PLC
 
Update on Site Relocation
 
Treatt Plc ('Treatt', the 'Company' or the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance and FMCG industries announces that, further to the updates on the Group's proposed site relocation set out in the Company's results for the year ended 30 September 2016 announced on 29 November 2016, it has conditionally exchanged contracts on a ten acre plot of land on Suffolk Park being developed by Jaynic in Bury St Edmunds.
Completion of the purchase, the price of which is subject to contractual confidentiality, is conditional upon the vendor being granted outline planning permission, application for which is due to be made shortly.
The purchase of the land will be funded from existing resources and it is not anticipated that further major capital outlay will be required until later in calendar 2017.

Trading Statement
RNS
RNS Number : 6079X
Treatt PLC
23 February 2017
 
23 February 2017
 
TREATT PLC
 
Trading Update for year ending 30 September 2017
 
Treatt Plc (the 'Group'), the manufacturer and supplier of innovative ingredient solutions for the flavour, fragrance, beverage and consumer product industries today publishes a trading update for its financial year ending 30 September 2017.
 
Following the AGM trading update published on 27 January 2017, the Board is pleased to confirm that momentum has gathered pace, with the results for the six months ending 31 March 2017 ('Half Year') now expected to show substantial progress compared with the prior year.  This has resulted from a combination of strong growth to revenues (currently estimated to be up in excess of 20% over the comparable period last year) driven by both new business wins and growth with existing customers, combined with improved product margins as we continue to add value by moving up the value chain.
 
All of our key product categories have delivered strong revenue growth since the start of the financial year, with citrus and sugar reduction solutions producing particularly strong performances.  Earthoil, the Group's personal care ingredients division, also continues to perform well as recent investments begin to deliver returns.  As we enter the seasonally busiest time of the financial year, it is encouraging to see order books for the remainder of the current financial year, and into next year, across the Group materially up on a year ago.
 
The Group's strategy to manage foreign exchange risk is designed to prevent currency from having a material impact on the net results. During the period, the GB Pound/US Dollar exchange rate has been relatively stable and, therefore, the expected reversal of last year's FX loss of £0.5m should positively impact on the results for the Half Year. This includes the retranslation benefits from the Group's US subsidiary Treatt USA.
 
The strength of the Group's order book and the impact of higher raw material prices, has resulted in an expected increase to net debt which is expected to be approximately £10m-£12m at the Half Year compared with £8.4m at the same time last year.  Nonetheless, with confidence for the usual pattern of strong cash inflow in the second half of the year, it is expected that overall net debt will fall significantly by our financial year end.
 
Plans for the relocation of the Group's UK site continue to progress well. As previously announced, contracts were exchanged in December 2016 (subject to outline planning consent) on a 10 acre plot of land on the new Suffolk Business Park in Bury St. Edmunds.
 
Outlook
With the continuing momentum being delivered by our 2020 Strategic Plan, strong revenue growth, and the beneficial impact from higher product margins, the Board now believes that profit before tax for the financial year ending 30 September 2017 will substantially exceed its previous expectations.
 

Unusually bullish update yesterday - TET normally yends to under promise and over deliver. Expansion in beverages paying off and enciuraging to see "reduced sugar solutions" particularly strong, alongside the more traditional citrus business. With order books into the next financial year looking healthy, little wonder the price leapt yesterday - will they now raise some equity to help with the new factory build? A classic long term ISA share imo, but always dyor.