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 ยฃ155.2 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 ยฃ0.7 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.