Treatt ends first half in line as it returns to normal seasonality

The London-listed company said its order book grew more than 15% in the six months ended 31 March, with a “particularly strong” pipeline in its ‘healthier living’, citrus and coffee categories.

As previously guided, the firm returned to pre-Covid-19 seasonality, with operating profit looking to be weighted towards the second half.

It said its investment in skills and expertise across all levels of the business was supporting its long-term growth, while trading was in line with the board's expectations for the half-year.

“After a record performance for the business last year, we've continued the momentum into the first half with a good sales performance, particularly driven by our largest category, citrus, where we have grown a number of longstanding relationships working with some of the biggest beverage companies,” said chief executive officer Daemmon Reeve.

“This year's performance is expected to reflect a reversion to more normalised beverage trends and overall trading continues in line with the board's expectations.

“Despite the wider macro uncertainties, our second half pipeline is strong, we are bringing more of our new UK site into operation and we are seeing good opportunities across a number of categories, so remain confident for the future.”

Treatt said it would announce its half-year results for the six months ended 31 March on 10 May.

At 1008 BST, shares in Treatt were down 0.1% at 1,156.8p.