Here is a summary of the trading update for Treatt PLC for the year ended September 30, 2024
Treatt PLC, a global manufacturer and supplier of natural extracts and ingredients, released a trading update highlighting strong financial performance for the year.
The company experienced H2 revenue growth of 16%, resulting in full-year revenue growth of 5% (7% in constant currency) to approximately £155.2 million.
Adjusted EBITDA and profit before tax and exceptional items (PBTE) showed robust growth, increasing by 7% and 9% respectively, in line with board expectations.
The companys performance was driven by its Heritage and China segments, with Heritage revenue growing by 10% and China revenues increasing by 27% due to multiple wins with local beverage brands.
Treatts balance sheet improved significantly, with a reduction in net debt to £0.7 million, reflecting strong cash generation and discipline.
The company invested in revenue growth initiatives, including expanding its commercial teams, and maintained strict cost discipline, resulting in a positive financial outlook.
Treatts CEO, David Shannon, expressed confidence in the companys long-term prospects and highlighted the potential for expansion into adjacent markets and new territories.
The companys results for the year are expected to be announced on December 4, 2024.