Treatt

Treatt (LSE: TET)

Currency in GBP

Last close As at 04/02/2023

GBP6.31

▲ 15.00 (2.44%)

Market capitalisation

GBP371m

Overview
Price performance
Financials
Research
Sector insights
Thematics

Treatt provides innovative ingredient solutions from its manufacturing bases in Europe and North America, principally for the flavours and fragrance industries and multinational consumer goods companies, with particular emphasis on the beverage sector.

Treatt has migrated its business from that of a pure supplier to the food and beverage industries to being a valued partner in the development of new ingredients. Citrus, tea, fruit and vegetable flavours, and health and wellness (mainly sugar reduction) are core areas of focus, with the latter undergoing a structural growth trend.

Latest Insights

Consumer

30.01.23

Treatt — Back to steady growth

Consumer

01.12.22

Treatt — Rebuilding confidence

14.10.22

Treatt — Holding steady

Consumer

07.09.22

Treatt — Rebasing expectations

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Sector

Consumer

Equity Analyst

Sara Welford

Director, Consumer

Key Management

Daemmon Reeve

CEO
Ryan Govender

CFO
Tim Jones

Chairman

Balance Sheet

Forecast net debt (£m)

10.2

Forecast gearing ratio (%)

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	1.0	(1.6)	(43.7)
Relative	(4.4)	(10.6)	(44.3)
52 week high/low	1158.0p/507.0p

Financials

Treatt’s FY22 results were in line with the revised guidance issued in August. Management once again explained the steps that have been taken to improve processes around sales pricing and cost recovery, with new FX management systems already implemented. Treatt has made substantial investments in both its assets and people over the last few years to support future growth, but the investment phase is largely complete now. Management remains optimistic despite the dampened macroeconomic environment, as the market for natural and healthy products remains resilient.