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Nov 28 2023, 08:00 GMT
Treatt plc
FY23 results – no surprises
- Sectors : Foods
- Companies : Treatt plc
DAVY VIEW
With headlines pre-announced on October 10th, the full-year print contained little by way of surprise. The FY23 result was anchored by strong gross margin delivery against a challenging revenue backdrop. The outlook statement notes “some signs of a recovery in a few customers”, which suggests a sluggish recovery in the near term. We envisage no material change to FY24 PBT forecasts. The business remains well positioned.
