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UK's Tate & Lyle H1 revenue rises, maintains 2027 forecast

By Reuters News


Overview

  • UK food ingredients maker's preliminary H1 revenue was GBP 1.04 bln

  • Adjusted pretax profit for preliminary H1 was GBP 102 mln

  • Company raised interim dividend to 6.8p from 6.6p per share


Outlook

  • Company maintains outlook for modest constant-currency revenue growth, weighted to H2

  • Group expects broadly flat EBITDA before US$20 mln bio-gums capacity consolidation impactResults Driver

  • PRICING-LED VOLUME/MIX – Strategic 2026 customer-contract pricing actions delivered 3% volume/mix growth, partly offset by a 2% price decline

  • US TARIFFS AND EUROPEAN SWEETENERS – US tariff reimbursements and declining European bulk sweeteners and co-products weighed on revenue

  • COST INFLATION AND INVESTMENT – Adjusted EBITDA fell as pricing actions, capability and IT spending, and EMEA inflation outweighed volume growth, synergies and productivity savings


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

GBP 1.04 bln

H1 Adjusted Pretax Profit

GBP 102 mln

H1 Dividend

GBP 0.07


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the food processing peer group is "buy."

  • Wall Street's median 12-month price target for Tate & Lyle PLC is GBp595.00, about 5.3% above its November 4 closing price of GBp565.00

  • The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Nov 3 - UK's Associated British Foods FY revenue, profit beat estimates

  • Nov 4 - UK's Nomad Foods Q3 revenue rises 2.3%, guidance reiterated

  • Nov 3 - Primark-owner AB Foods forecasts further profit decline as sugar losses deepen


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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