Treatt Full Year 2023 Earnings: EPS Misses Expectations

Treatt (LON:TET) Full Year 2023 Results

Key Financial Results

• Revenue: UK£147.4m (up 5.1% from FY 2022).
• Net income: UK£10.9m (down 18% from FY 2022).
• Profit margin: 7.4% (down from 9.5% in FY 2022). The decrease in margin was driven by higher expenses.
• EPS: UK£0.18 (down from UK£0.22 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Treatt EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.0% decline forecast for the Chemicals industry in the United Kingdom.

Performance of the British Chemicals industry.

The company's shares are up 1.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Treatt's balance sheet health.

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