Earnings release
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 22
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 23
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 24
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 25
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 26
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 27
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 28
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 29
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 30
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 31
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 32
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 33
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 34
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 35
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 36
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 37
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 38
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 39
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 40
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 41
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 42
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 43
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 44
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 45
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 46
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 47
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 48
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 49
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 50
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 51
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 52
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 53
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 54
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 55
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 56
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 57
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 58
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 59
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 60
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 61
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 62
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 63
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 64
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 65
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 66
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 67
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 68
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 69
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 70
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 73
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 74
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 75
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 77
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 78
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 79
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 80
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
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1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 85
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 86
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 87
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
Page 88
2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.
Page 89
1 AGM TRADING UPDATE TREATT PLC Released 07:00:02 30 January 2025 RNS Number: 1736V Treatt PLC 30 January 2025 30 January 2025 TREATT PLC ("Treatt" or "the Group") AGM Trading Update Treatt, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, provides the following update on trading in the year to date, ahead of its Annual General Meeting to be held later today at 10:30 a.m. at the Group’s UK Headquarters at Skyliner Way, Bury St Edmunds. Revenue in Q1, which is our quietest quarter, was in line with management’s expectations. Q2 has started well and we are encouraged by a robust pipeline and order intake. In Heritage1, we continue to leverage our deep knowledge and product capabilities to provide solutions to our customers against a market backdrop of continued high orange oil prices. We remain focussed on growing higher margin Premium2 volumes and are well placed with opportunities with both new and existing customers. In New Markets3, our China business continues to progress well and we are looking forward to opening our Shanghai Innovation Centre later this year. In line with the evolved strategy set out in our 2024 full year results, our new organisational structure went live on 1 January 2025, increasing regionally focussed activity levels and helping us to get closer to our customers. Cash generation continues to be a focus and remains in line with management’s expectations for the full year. Management’s outlook for the full year remains unchanged. Treatt plc +44 (0)1284 702500 David Shannon Chief Executive Officer Ryan Govender Chief Financial Officer Joint Brokers Investec Bank Plc +44 (0)20 7597 5970 Patrick Robb David Anderson Peel Hunt LLP +44 (0) 20 7418 8900 George Sellar Financial PR MHP +44(0) 20 3128 8100 Tim Rowntree Treatt@mhpgroup.com Eleni Menikou 1 ‘Heritage’: Citrus, Herbs Spices and Florals and Synthetic Aroma 2 ‘Premium’: Fruit & Vegetables, Health & Wellness and Tea 3 ‘New markets’: China, Treattzest and Coffee
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2 About the Group Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector. Renowned for its technical expertise and knowledge of ingredients, their origins and market conditions, Treatt is recognised as a leader in its field. The Group employs over 400 people in Europe, North America and Asia and has manufacturing facilities in the UK and US. Its international footprint enables the Group to deliver powerful and integrated solutions for the food, beverage and fragrance industries across the globe. For further information about the Group, visit www.treatt.com. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements that are subject to risk factors associated with, among other things, the economic and business circumstances occurring from time to time in the countries, sectors and markets in which the Group operates. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a wide range of variables which could cause actual results to differ materially from those currently anticipated. No assurances can be given that the forward-looking statements in this announcement will be realised. The forward-looking statements reflect the knowledge and information available at the date of preparation of this announcement and the Group undertakes no obligation to update these forward-looking statements. Nothing in this announcement should be construed as a profit forecast.