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/

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.

And a follow up statement today, things even better and expectations for this year revised upwards again.

Trading Statement
RNS
RNS Number : 9415A
Treatt PLC
30 March 2017
 
30 March 2017
 
TREATT PLC
 
Trading Update for the half year ending 31 March 2017
 
Treatt Plc ('Treatt' or 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 the half year ending 31 March 2017.
 
In the latest trading update announced on 23 February 2017 the Board reported that momentum in the business had gathered pace and consequently the results for the six months to 31 March 2017 ('Half Year') were expected to show substantial progress when compared to the prior year. The Board also reported that it believed that profit before tax for the full year ending 30 September 2017 would substantially exceed its previous expectations.
 
Since that announcement, trading has continued to be strong and whilst the Group has benefitted from the effect of a stronger US Dollar, underlying revenue growth continues to gain momentum, with Half Year revenue expected to show an increase in excess of 25% over the prior year period, of which approximately 10% can be attributed to the effects of currency movements.
 
New business wins and a strong performance across all our categories, particularly in Sugar Reduction, Tea and Citrus, which are areas of strategic focus, together with the impact of current foreign exchange rates have combined in an order book which has increased materially compared with the same time last year.
 
As announced on 23 February 2017 the impact of higher raw material prices, increased order book and the strengthening of the US Dollar has resulted in net debt at the Half Year increasing to approximately £12m, being some £3.6m higher than the same time last year. Historically, the Group reports a net trading cash outflow in the first six months of the year and a net trading cash inflow in the second half of the year, and the Board would expect a similar pattern in the current financial year.
 
Outlook
Following a strong performance across the Group in March 2017 and clear signs that the momentum described above, which is being delivered by our 2020 Strategic Plan, is continuing into the second half of the current financial year, the Board now expect to exceed its revised expectations for the full financial year ending 30 September 2017. 
 
The Board expects to announce Treatt's Half Year results on 9 May 2017.
 
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
 

Tuesday 9 March interims

Splendid set of interims already flagged up. This is still quite a small company and whilst recent performance reflected in share price rise, there could be some way to go yet over the next 5/10 years. Been a great performer in my ISA and staying there, but always dyor.

A favourite of John lee who writes in weekend FT

Nice 7.5% rise.

Another one doing well for you DC!

Yes well done - another share I hate :-)

😃

Cheers . :-))

sold, I have the same view as IC which is they are getting expensive. Perhaps worth holding.

Each to his/her own DC. TET has risen about 8 times in the last 5 years and I have held quite a bit longer. No arguing with banking a profit, especially after the recent surge, but whilst the story remains intact - and is arguably improving- I am happy to continue to hold in the ISA. Minded of the comment made by Warren Buffet's pal Charlie Munger that "You do not make your real money by buying and selling, but by waiting". Good luck with wherever you put the proceeds.

I have fallen in the trap of the past of watching a profit dwindle away and not selling, especially aim shares. Investors just seem to move on and down goes the sp. You have done very well with these partridge and I hope you carry on doing so.

Fair comment DC (although TET is of course main market). With three score years and ten next, I have assembled a number of long term held AIM listed shares which should avoid IHT (primarily ANP, FCRM, JHD, LTG, LTHM, PHD, RWS, SCPA, TFW). Most are doing very well, but they will go if the story changes. Now need to find an Executor who knows about Business Property Relief!