Tate & Lyle plc (TATE) Q4 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.567 -- 00:00:06.494 Good morning, and thank you for joining us today, both in person and online. 00:00:06.494 -- 00:00:11.060 Sarah and I are pleased to announce and present Tate & Lyle's results for the year ended 00:00:11.060 -- 00:00:14.361 the 31st of March, 2026. 00:00:14.424 -- 00:00:18.449 Before we start, I want to acknowledge that a week ago, we made an announcement under 00:00:18.449 -- 00:00:23.797 Rule 2.4 of the UK Takeover Code, in which we confirmed that Ingredient 00:00:23.797 -- 00:00:27.541 has made a conditional proposal to acquire Tate & Lyle. 00:00:27.541 -- 00:00:30.693 Details of the proposal are on the slides. 00:00:30.693 -- 00:00:35.738 At this stage, there can be no certainty that any offer will be made, nor as to the 00:00:35.738 -- 00:00:40.723 terms of such an offer. Clearly, we can't say anything more than we said in our announcement 00:00:40.723 -- 00:00:45.869 last week. So today, I am purely going to focus on our results and the encouraging 00:00:45.869 -- 00:00:49.110 progress our business is making. 00:00:49.232 -- 00:00:53.096 We have four key messages for you today. 00:00:53.096 -- 00:00:58.925 Firstly, the integration of CPCalco has been successfully completed. 00:00:58.925 -- 00:01:04.052 and the entire Tate & Lyle team is focused on delivering on our priority of volume-led 00:01:04.052 -- 00:01:06.094 top-line growth. 00:01:06.094 -- 00:01:11.241 Secondly, our full-year results are in line with the revised guidance we gave in October, 00:01:11.241 -- 00:01:15.106 with performance impacted by muted market demands. 00:01:15.106 -- 00:01:20.212 Thirdly, we are making good progress on the strategic actions we set out in November 00:01:20.212 -- 00:01:24.418 to drive top-line growth and strengthen our performance. 0...