My thanks go to all of our colleagues for their tremendous endeavours and commitment. Profits for the year are expected to be in line with the previously upgraded figures the group gave back in January and May.įollowing the year of significant growth, Treatt’s order book for the new financial period is also up year-on-year.ĬEO Daemmon Reeve said: “It has been a great year for Treatt, with some fantastic achievements across the Group, despite the backdrop of Covid-19.
It added the global supply chain issues rocking the industry had been felt by its logistics teams, but it has not yet “materially impacted” the group. In particular, the group continued to grow its presence in the burgeoning alcoholic seltzer market as new brands and flavour combinations compete for market share. Treatt said the pre-pandemic market trends for ‘better-for-you’ and natural products continued in the alcoholic and non-alcoholic beverage sectors and the group won numerous new customers in the year, while expanding with existing ones. Treatt was boosted by the return of the hospitality industry around the globe after prolonged lockdowns, with a number of new products launched that had been delayed by the pandemic.Īmong the group’s other categories, citrus, which contributes 44% to overal turnover, remained broadly flat and the traditional range of herbs, spices and florals also remained unchanged. The tea, health and wellness (including sugar reduction) and fruit and veg categories grew by a combined 64% in the period, with tea up 113% to represent 11% of group revenues. Growth was driven by categories focused on healthier living, with tea a stand-out performer. Revenues in the year ended 30 September are expected to be up 14% to £124m, the group, which supplies some of the biggest names in fmcg with natural extracts and ingredients, revealed in a pre-close trading update. Drinks ingredients firm Treatt has reported a strong finish to the financial year as it benefitted from the ongoing trend for healthy living.
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