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Bury St Edmunds based ingredients manufacturer Treatt sees revenue grow to £66.3m in second half of financial year

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Ingredients manufacturer Treatt saw revenue grow to £66.3 million in the second half of the last financial year.

The Bury St Edmunds based company increased revenue from £60.8 million in the second half of financial year ending March 31 2021, to £66.3 million in year ending March 2022.

Gross profit margin was lower however down from 35 per cent in March 2021 to 27.5 percent in March 2022.

Treatt's new headquarters at Suffolk Park. Picture: Jake Sugden
Treatt's new headquarters at Suffolk Park. Picture: Jake Sugden

The first half of the last financial year saw record revenue with nine per cent across the company's portfolio.

Revenue growth for the full year is now expected to exceed 15 per cent, with ongoing investment in the group's capacity, people and innovation.

The company say the results reflect a return to 'normal' yearly profit weighting following the pandemic, with order books now at 'record levels'

Group CEO, Daemmon Reeve, said: "We continue to grow our revenue and have a very strong order book going into the second half of the financial year.

"The momentum we have in the business underlines the importance of the significant benefits we expect to gain from both investment in our people and the increased capabilities and capacity we will unlock from our new UK facility.

“Our established business model and track record of managing the input costs of our natural products has meant that we continue to deliver outstanding service for our customers and healthy returns for our shareholders, despite supply chain and other macro headwinds.

“Branded beverages are seen as affordable luxuries, and so we are well insulated against rising inflationary pressures and our strong order book gives us confidence that we are on track to perform in line with expectations for the full year.”

Treatt is a global, independent manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the flavour, fragrance and multinational consumer product industries, particularly in the beverage sector.

It is in the process of completing its move to a new headquarters in Suffolk Park, from Skyliner Way.

The group employs over 400 staff in Europe, North America and Asia and has manufacturing facilities in the UK and US.

Its international footprint enables the group to deliver integrated solutions for the food, beverage and fragrance industries across the globe.

The latest results are in line with the board’s expectations.