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Davy Research

Treatt plc

AGM trading update

Jan 27 2023, 08:50 GMT
Cathal Kenny
Company Report
5 page(s)

Sectors : Foods

Companies : Treatt plc

Ratings and price correct at time of issue.

Treatt plc

Closing Price: 627p
RATING 08/04/21
NEUTRAL
PREVIOUS RATING N/A

Person's Name

Cathal Kenny

Analyst

DAVY VIEW

Treatt has released a brief trading update ahead of its AGM. It confirms a ‘good’ start to the year with progress on margin and 3% constant currency sales growth. Trading is in line with management expectations. We do not envisage any material change to our FY23 PBT forecast – though noting a more challenging volumetric backdrop across the Ingredients space.

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Jan 27 2023, 08:50 GMT