Treatt (#TET) – Q1 sales +9% YoY (+3% at constant currency), argues expansion confidence
- 2023-01-27 07:35:36
Natural extracts and ingredients for the beverage, flavour and fragrance industries company Treatt (TET) has issued a trading update including noting full-year “revenue growth of c.13% (9% in constant currency) in line with market expectations. Progressive dividend policy unchanged… enters the new financial year with confidence in Treatt's proposition and its ability to deliver top line growth, supported by positive market dynamics”. The shares have currently responded up to 560p...but that compares to above 800p as recently as August?
Hello Shares Casters. Treatt (TET) is an interesting company. And though it had a profit warning recently, I rather think the selling might have been overdone. Because it seems to me, at any rate, to have perhaps a better future ahead of it.
Natural extracts and ingredients manufacturer and supplier Treatt (TET) has issued a trading update including that it “is still expecting to report strong revenue growth for the full year and retains an excellent order book”. So what of a share price response to currently 550p, more than 31% down?!