Bury St Edmunds-based ingredients manufacturer, Treatt, has reported revenue growth of 16 per cent

A Suffolk-based ingredients manufacturer has maintained profits and sales expectations for the year.

In a trading update for the year ended 30 September, Treatt, based in Suffolk Park, Bury St Edmunds, reported revenue growth of 16 per cent in H2 driven by new business wins and normalisation of industry demand.

It means full-year revenues will be 5 per cent higher than the previous 12 months at £155m.

Treat also expected adjusted EBITDA growth of 7 per cent to £34.7m and a 9 per cent rise in pre-tax profits before exceptional items to £19m.

The company cited continued growth momentum in China, where a new Shanghai innovation facility has been approved.

CEO David Shannon, who joined the business in June, said: “I am pleased that we will report good growth in both sales and profit for the year, reflecting the determined conversion of our order book and strong cost discipline.

“Revenue growth in the second half of the year in particular was strong, with sales pipeline conversion and demand normalising following industry destocking.

“With our value-add products, and available manufacturing capacity following the investments in recent years we will start to target greater customer reach in adjacent markets and new territories.

“We are confident in Treatt’s long-term prospects.

“Since joining Treatt in June, I have immersed myself in the business, spending time with our brilliant teams and customers.

“This process has reinforced my reasons for joining; this is a strong business full of talented people, with clear opportunities ahead.”