StockMarketWire.com - Treatt has performed well in H2 and expects to report FY revenue and pretax profit in line with its expectations. Following a quieter start, momentum grew as the financial year progressed, ending with a stronger fourth quarter.

Revenues in the year have been positively impacted by historically high market prices for certain key ingredients, particularly lemon and lime oil, although this has not resulted in higher gross margins.

The cash performance of the Group has been encouraging, with net debt ending the year at its lowest level since 2006. The Board is also pleased to report that the FX strategy in place has prevented movements in FX rates during the year having a material impact on results for the year.

The Group's strategy to innovate and develop relevant and unique ingredient solutions, especially for the beverage market, is gaining further momentum and looking to the financial year ahead, encourages our belief that the Group is on track to build a successful, strong business for the longer term.

Work continues toward facilitating the relocation of the Group's UK site as previously reported, and we anticipate providing an update on progress when we report our full year results for the year ended 30 September 2015 on 8 December 2015.





Story provided by StockMarketWire.com