Apr 25 2024
Food and beverage
Recent Research
Associated British Foods, Stellar H1 delivery
Apr 23 2024
Danone, Solid start to FY24
Apr 18 2024
Treatt plc, Encouraging H1-24 trading update
Apr 10 2024
THG plc, FY24 delivery on track
Apr 10 2024
Meet your Food and beverage Research team
Symrise
Exceptional Q1 volume delivery
Symrise’s Q1 update confirms a strong start to FY24, underpinned by exceptional volume growth across both divisions. Underlying pricing was uncharacteristically negative in the quarter,...
Associated British Foods
Stellar H1 delivery
Associated British Foods (ABF) has delivered an exceptional H1-24 performance, with all divisions contributing to operating profit growth in the period. The key takeaway for us was...
Glanbia
Bolstering flavour capability with $300m acquisition
Glanbia has announced the acquisition of US based Flavor Producers (FP) for an initial consideration of $300m. The acquisition deepens Glanbia’s flavour technology footprint and is...
Givaudan
Q1 out-turn sets strong foundation for the year ahead
Givaudan has delivered a strong start to 2024 – achieving Q1 like-for-like (LFL) sales growth of 12.6%, which was volume driven and led by Fragrance activities. Growth was broad based...
Treatt plc
Encouraging H1-24 trading update
Treatt’s half-year trading statement is an encouraging update with revenue acceleration providing positive reassurance. It is likely that the nadir in volume trajectory has passed. The...
THG plc
FY24 delivery on track
THG’s FY23 continuing EBITDA performance was in line with prior guidance, coming in at £120m (guidance: ‘above £117m’). Revenue growth in Q1-24 is expected to improve sequentially,...
Greencore Group
Upside on the horizon
Following an extended phase of volatility, management at Greencore implemented a series of strategic commercial and operational initiatives focused on stabilising profits, recovering...
Origin Enterprises
CFO appointment
Origin Enterprises has announced the appointment of Colm Purcell as its new CFO.
Associated British Foods
Investigating Primark USA
While we remain optimistic on the trajectory of Primark’s growth and profitability, we note that its US expansion remains a source of debate among the investment community. Our...
Symrise
A tale of two factors (revenue and margin)
2023 was a mixed bag for Symrise – strong pricing-led revenue growth was offset by margin headwinds for the second consecutive year, with the latter landing at the lower end of its...
