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An update from Treatt plc ( (GB:TET) ) is now available.
Treatt plc reports that its Q1 revenue aligns with management’s expectations, and Q2 has begun positively with a strong pipeline and order intake. The company continues to navigate high orange oil prices by leveraging its product capabilities, focusing on growing high-margin premium volumes, and expanding in new markets like China, where they plan to open a Shanghai Innovation Centre. The new organizational structure, effective from January 2025, aims to enhance regional focus and customer engagement, while cash generation remains on target for the year.
More about Treatt plc
Treatt plc is a global, independent manufacturer and supplier of natural extracts and ingredients, primarily serving the flavour, fragrance, and multinational consumer product industries, with a strong focus on the beverage sector. The company is known for its technical expertise and operates with manufacturing facilities in the UK and US, employing over 400 people across Europe, North America, and Asia.
YTD Price Performance: -11.70%
Average Trading Volume: 132,525
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £266.3M
For detailed information about TET stock, go to TipRanks’ Stock Analysis page.
