Treatt plc announce a full year dividend of 8.41p up 5%,

DividendMax Ltd.

Treatt plc announce a full year dividend of 8.41p up 5%,

The Treatt plc Board proposes a final dividend of 5.81p (2023: 5.46p) which, if approved by shareholders, will make a total dividend for the year of 8.41p (2023: 8.01p), in line with their progressive dividend policy and medium-term objective of three times cover.

Other financial highlights include:

Revenue growth of 4% (6% in constant currency), driven by strong H2 revenue growth of 13% reflecting organic growth from new business wins and a normalisation in industry demand

Full year revenue was marginally lower than anticipated (by 1.4%) as extreme weather in the US delayed a large shipment at year-end, shifting associated revenue into 2025

Record adjusted EBITDA of £24.9m, growth of 8% (FY23: £23.0m), reflecting strong cost disciplines and other self-help measures embedded

Profit before tax and exceptional items growth of 10% (13% in constant currency) to £19.1m (2023: £17.3m), slightly ahead of Board expectations

Year-end net debt significantly reduced to £0.7m (2023: £10.4m), reflecting the robust cash generation and investment discipline

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