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An announcement from Tate & Lyle ( (GB:TATE) ) is now available.
Tate & Lyle has reported a solid operating performance for the quarter ending December 2024, marked by volume and EBITDA growth, despite a 4% revenue decline due to input cost deflation. The acquisition and integration of CP Kelco are progressing well, with expected synergies reinforcing the company’s growth-focused strategy. This strategic move enhances Tate & Lyle’s market position, particularly in the mouthfeel segment, and supports their long-term goals of profitable volume growth and strong cash flow amidst geopolitical uncertainties and pricing pressures.
More about Tate & Lyle
Tate & Lyle is an established leader in the ingredient innovation industry, providing solutions that enhance the taste, health, and sustainability of food and beverages. They specialize in sweetening, mouthfeel, and fortification, offering ingredients that reduce sugar, calories, and fat, while adding fiber and protein. With a recent acquisition of CP Kelco, they have strengthened their position in the market, particularly in mouthfeel solutions.
YTD Price Performance: -0.54%
Average Trading Volume: 1,073,872
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.86B
See more insights into TATE stock on TipRanks’ Stock Analysis page.
