Home   Business News   Article

Subscribe Now

Bury St Edmunds business Treatt records 'remarkable' half year report

Bury St Edmunds-based business Treatt has recorded a £10.6million operating profit in their half-year report, a 74 per cent boost from last year.

The ingredient manufacturer, which has a base at Suffolk Park off Moreton Hall estate, recorded a £60.8million profit in the half year up to March 31 - a 14 per cent rise from last year.

The figures, released today, also showed a gross profit margin of 35 per cent, compared to 26 per cent in March 2020.

Daemmon Reeve, Treatt chief executive
Daemmon Reeve, Treatt chief executive

Daemmon Reeve, chief executive, said: “Our performance over the half has been remarkable in what remain challenging times.

"The dedication of our teams to deliver this exceptional outcome and execute on our strategy speaks volumes about the business we have become and the culture which has been developed. It also demonstrates the value we bring to our customers, providing bespoke, exciting, innovative and differentiating solutions, across a number of growing addressable markets.

"We are optimistic about demand returning from the re-opening of hospitality across more geographies in the coming months and the boost from our UK relocation, which gives us much to look forward to and further enhances the future prospects for our business.”

Read more: All the latest news from Bury St Edmunds

Head to our business page for all of the latest news about businesses in Suffolk