Sunny

Sunny

max temp: 24°C

min temp: 14°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.

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.

Search hundreds of local jobs at Jobs24

0 comments

Giffords Hall Vineyard feature. Including the use of drone technology to measure crop yield. Pictured is owner Linda Howard.

Vineyard owners in Suffolk and Essex say their industry has grown so quickly over recent years that the region may soon follow famous French appellations in seeking protected status for its wines.

Households are still spending more on leisure, but younger consumers a worried about their future finances following the vote for Brexit.

Britain’s households increased their spend on leisure activities last month, but many are concerned about the future impact on their finances from the vote to leave the European Union.

European Union Competition Commissioner Margrethe Vestager speaking during a media conference at EU headquarters in Brussels.
Photo: AP Photo/Virginia Mayo

Technology giant Apple has vowed to overturn a record 13bn euro (£11.1bn) bill after a European Commission ruling that it has an illegal “sweetheart” tax deal in Ireland.

The newly rebranded Fenwick store, previously Williams & Griffin, in Colchester.

Colchester’s new-look Fenwick department store is to be officially unveiled on September 15 following a £35m redevelopment.

12-20 Upper Orwell Street, which could be demolished and regenerated if plans by the East of England Co-op go through

A derelict building in Upper Orwell Street which has been empty for decades could be set for demolition if new plans for the area are approved.

HOT JOBS

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24