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Feb 7 2019, 09:40 GMT
Tate & Lyle
F&B Solutions volume momentum sustained; FY guidance reiterated
- Sectors : Foods
- Companies : Tate & Lyle
DAVY VIEW
Tate’s Q3 update confirmed no material change to underlying trading since H1, with growth rates broadly similar. FY 2019 guidance at constant currency has been maintained. Q3 saw continuing good volume momentum in F&B Solutions (led by the US and emerging markets), while Primary Products volumes and profit were lower – driven by weaker demand in North America sweeteners. At first look, we do not anticipate any material changes to our FY 2019/20 forecasts.
