Treatt - Consolidating gains
The FY18 trading update confirms that momentum continues to drive Treatt’s business. Following the exceptional results posted throughout FY17, Treatt witnessed like-for-like revenue growth of 10% in H118, and 9% for FY18, suggesting some deceleration in H2. Growth remains broad-based, with all core categories contributing, and demonstrating that the business is well-placed to capitalise on current trends in the food and beverage space. Management’s outlook and expectations for the year remain unchanged, but we trim our forecasts to reflect gross margin headwinds.Treatt is engaged in the manufacture and supply of ingredient solutions for the flavour, fragrance, beverage and consumer product industries.
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