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Apr 10 2025, 08:12 IST/BST
Treatt plc
Profit warning following challenging Q2
- Sectors : Foods
- Companies : Treatt plc
DAVY VIEW
Following an in-line Q1 update at the end of January, Treatt now expects H1 revenues to be down 11% year-on-year (yoy) and a £4m yoy decline in profit before tax (PBT) to approximately £3.6m. The update implies a sharp contradiction in Q2. For the full year, it now expects revenue of between £146-153m (Davy: £161.7m) and PBT between £16-18m (Davy: £20.9m). We will move to the lower end of the PBT range, implying a 23% cut to forecasts.
