Asset Disposal ImpactThe flavour manufacturing business delivered revenue of c.£14m in FY24, and the transaction is expected to reduce FY26 aEBITDA by c.£10m, including a long-term contract agreed for the supply of flavour capabilities to Myprotein.
EBITDA GuidanceThere is a headline cut to FY25 EBITDA guidance.
Profitability ConcernsH1 EBITDA has been guided to be c.£24m, representing a decline on H1'24 (£37m), with anticipated impacts from higher YoY whey pricing in Nutrition and territory pull-back on Beauty revenues.