Partly Cloudy

Partly Cloudy

max temp: 13°C

min temp: 8°C

ESTD 1874 Search

Bury St Edmunds: ‘Solid’ start to year for flavours and fragance group Treatt

17:39 10 February 2014

Drums of essential oil at Treatt

Drums of essential oil at Treatt's headquarters in Bury St Edmunds.

Archant

Flavour and fragrance ingredients company Treatt today reported a “solid” start to its new financial year.

shares

The Bury St Edmunds-based firm said trading for the period from October 1 to February 7 had been in line with expectations for the time of year, including a number of new business wins.

“As reported in December, the group has made a solid start to the current financial year with Q1 trading in line with seasonal expectations,” Treatt said . “Q2 has similarly started off as expected, with momentum building towards the seasonally strong part of the financial year.

“Order books across the group continue to be ahead of last year, although not all of this growth will flow into the current financial year due to the long term nature of some contracts.

“Pleasingly, the strategic emphasis on added-value ingredient solutions has resulted in a steady flow of new business wins, whilst on-going efficiency improvements continue to take hold across the business.

“The board therefore confirms that whilst the Group remains in the early part of the financial year, it is currently on course to meet its expectations for profit before tax for the financial year ending 30 September 2014.”

Treatt, which manufactures and supplies a range of conventional, organic and fair trade ingredients for the flavour, fragrance and consumer goods industries, has been persuing a more focused sales strategy, seeking to engage more effectively with customers that offer pontential for sustainable growth.

In December, the group reported a 23% increase in underlying annual pre-tax profits to £6.2million, on turnover broadly flat at £74.1m.

Treatt’s annual general meeting takes place on Monday, February 24.

shares

0 comments

Cap David Marsden, Daisy Ip and Louisa Chung from the Hong Kong Trade Development Council, with Deputy Mayor of St Edmundsbury Cllr Patrick Chung, Leader of St Edmundsbury Cllr John Griffiths, St Edmundsbury Cabinet Member for Economic Growth Cllr Alaric Pugh, Nikkos Savvas, principal of West Suffolk College.

The “encouraging” interest shown by west Suffolk companies for business opportunities in Hong Kong has sparked a second seminar in Bury St Edmunds next Thursday.

A survey indicates falling manufacturing output.

Britain’s manufacturing sector saw activity contract for the first time in more than three years in the latest sign that the EU referendum is hurting the UK economy, according to a survey.

Mulberry Tree owner Des Scicluna who has been having problems with N Power for the last four years.

A frustrated pub landlord has taken action after an energy supplier pursued him for unpaid bills for more than four years – despite the firm never having supplied gas or electricity to the establishment.

A new report suggests that firms are running out of options to hire staff amid a continued shortage of skilled workers.

The jobs market is heading for “turbulence”, fuelled by uncertainty over the EU referendum and the impact of the national living wage, according to a new report.

A view of the TATA Steel Plant in Scunthorpe.

Liberty House has confirmed it will put in a formal bid to buy Tata Steel’s UK assets.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24