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May 11 2021, 07:10 IST/BST
Treatt has delivered a stellar interim result with operating profit growth of 74%, underpinned by gross margin (GM) advancing by a whopping 880bps to 35.0% – thus narrowing the relative GM gap to its peer set. GM improvement reflects an intensification of value-add activities across key product categories. With trading momentum continuing, Treatt has raised its PBT guidance to “at least £20.0m” versus current consensus of £18.0m (c.10% consensus upgrade), implying at least 35% year-on-year (yoy) growth for FY21. The business remains in rude health.
May 11 2021, 07:10 IST/BST