Revenues and profits soar as Treatt eyes still stronger growth
Record full year results sent the share price of Treatt plc northwards as the UK markets opened today.
The world-class Suffolk business which makes and supplies innovative ingredient solutions for the flavour, fragrance, beverage and consumer product industries, boosted revenue to the year ended September 30 by 14 per cent to £124.3 million.
Even more impressive was the pre-tax profit which soared 42.8 per cent higher to £19.6m.
Treatt handsomely boosted the final dividend per share and CEO Daemmon Reeve was ecstatic at the outcome against a global backdrop of Covid and the ongoing transfer to a new headquarters in Bury St Edmunds.
A former Business of the Year in this medium’s annual Awards, Treatt has continued to go from strength to strength.
Reeve said: “We are very proud to be reporting record full year results for Treatt against all of our key metrics. It has been a remarkable performance in a year when we have been dealing with the continued impact of the COVID-19 pandemic and volatility in market conditions.
“We have managed to deliver really strong profit growth across multiple categories, particularly through aligning with consumer beverage trends and the wide demand for healthier, natural products. This has all happened while continuing to invest in the future growth potential of the business.
“This strong performance is testament to the efforts of everyone at Treatt. We are making the right investments at the right time on our growth journey.
“I have no doubt that the combined effect of increasing our investment in R & D, realising the multitude of benefits from the new UK headquarters and strengthening our team will elevate Treatt to a new level with further sustained benefits to all of our stakeholders.”