Business
Half-year Report
Half-year Report.
About this update from Treatt Plc
[{"type":"text","content":"\n \n \n \n TREATT PLC\n \n \n \n HALF YEAR RESULTS\n \n \n SIX MONTHS ENDED 31 MARCH 2022\n \n \n \n \n \n \n \n \n \n \n \n \n 10 May 2022\n \n \n \n \n \n \n On track to deliver full year expectations - reversion to H2 seasonality; order book up over 25%\n \n \n \n \n \n \n Treatt Plc ('Treatt' or the 'Group'), the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, announces its half year results for the six months ended 31 March 2022.\n \n \n \n \n \n \n \n \n FINANCIAL HIGHLIGHTS:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Half year ended\n \n \n \n \n 31 March 2022\n \n \n \n \n \n Half year ended\n \n \n 31 March 2021\n \n \n \n \n Half year ended\n \n \n 31 March 2020\n \n \n \n \n \n \n Revenue\n \n \n \n \n \n £66.3m\n \n \n \n \n \n £60.8m\n \n \n \n \n £53.6m\n \n \n \n \n \n \n Gross profit margin\n \n \n \n \n \n 27.5%\n \n \n \n \n \n 35.0%\n \n \n \n \n 26.2%\n \n \n \n \n \n \n Operating profit before exceptional items\n \n \n \n \n \n £6.6m\n \n \n \n \n \n £10.6m\n \n \n \n \n £6.1m\n \n \n \n \n \n \n Profit before tax and exceptional items\n \n \n \n \n \n £6.3m\n \n \n \n \n \n £10.4m\n \n \n \n \n £6.1m\n \n \n \n \n \n \n Adjusted basic earnings per share\n \n \n \n \n \n 8.21p\n \n \n \n \n \n 12.93p\n \n \n \n \n 8.08p\n \n \n \n \n \n \n Dividend per share\n \n \n \n \n \n 2.50p\n \n \n \n \n \n 2.00p\n \n \n \n \n 1.84p\n \n \n \n \n \n \n \n \n \n \n \n \n HIGHLIGHTS & OUTLOOK:\n \n \n \n \n \n \n \n \n · \n Record H1 revenue with 9% growth across the portfolio.\n \n \n · \n As anticipated, returning to traditional H2 profit weighting:\n \n \n Ø\n H1 2021 benefitted from COVID-19 related retail channel growth and significant product launches.\n \n \n Ø\n Normal seasonality returning driven by Spring/Summer beverage consumption in Northern hemisphere.\n \n \n Ø\n Strong anticipated growth in healthier living categories expected to drive higher margins.\n \n \n · \n H1 2022 ended strongly, and momentum has continued into H2; order book up by more than 25% compared with equivalent prior year period giving confidence in the outlook.\n \n \n · \n Revenue growth for full year now expected to exceed 15%; on track to deliver full year ...