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/

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!

Splendid results and well received placing to raise over £21M at 410p to help with expansion plans both here and in USA. Their focus on natural citrus, tea and sugar reduction solutions is well ahead of original plan and the story may still have a long way to go. I hope to enjoy the ride in my ISA. Always dyor.

Trading Update
RNS
RNS Number : 8730J
Treatt PLC
05 April 2018



5 April 2018

TREATT PLC
("Treatt" or "the Group")

Trading Update for the half year ended 31 March 2018

Treatt, 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 ended 31 March 2018.

The Board is pleased to confirm that following a strong result for the financial year ended 30 September 2017 in which profit before tax increased by 46%, the business has continued to perform well in the current financial year with revenue for the six months ended 31 March 2018 up by approximately 11% compared to the same period in the prior year.

The core business categories of citrus, tea and sugar reduction have continued to drive top-line growth with the combined effect of new business wins in the prior year, together with further wins in the current year, beginning to take hold.

Whilst the Group has in place a hedging strategy to try to ensure that the impact of exchange rate movements is broadly neutral to the income statement over the course of a financial year, as has been experienced previously, there can be material effects over shorter periods of time. In the first half of the current financial year ("H1 2018") there was a weakening in the USD/GBP exchange rate and as a result the Board anticipates that there will be a small negative net FX impact on the H1 2018 results of approximately £0.2m.

The recently enacted Tax Cuts and Jobs Act in the United States is expected to result in a material reduction in the Group's overall tax charge. Firstly, the reduction in the headline federal income tax rate from 35% to 21% will reduce the current tax rate on the Group's US profits to 24.5% and further reduce the tax rate to 21% for the financial year ending 30 September 2019. In addition, the Board expects a one-off deferred tax credit of approximately $0.5m (£0.4m). The US tax charge is also likely to be reduced further under the Foreign Derived Intangible Income Tax regime on exports out of the US business. The Group will continue to work through the full impact of these changes as further guidance becomes available, but it is expected that the Group's overall tax charge will be materially lower than would have been the case under previous US tax law.

Outlook
The momentum which is being delivered by the Board's Strategic Plan, with its focus on core product categories and key geographical markets, is expected to continue in the second half of the current financial year and beyond. The Board therefore continues to believe that profit before tax and exceptional items will be in line with its expectations for the financial year ending 30 September 2018.

The Board expects to announce Treatt's half year results for the six months ended 31 March 2018 on 8 May 2018.