Tate & Lyle PLC (OTCPK:TATYF)
$ 9.25 -0.6368 (-6.44%) Market Cap: 4.00 Bil Enterprise Value: 3.94 Bil PE Ratio: 11.30 PB Ratio: 2.25 GF Score: 75/100

Half Year 2020 Tate & Lyle PLC Earnings Call Transcript

Nov 07, 2019 / 10:00AM GMT
Release Date Price: $10.27
Nick Hampton
Tate & Lyle plc - Chief Executive & Executive Director

Good morning, everyone, and welcome to the results for the 6 months to the 30th of September 2019.

Let me start by giving you a brief overview of the first half. Our 3 priorities to Sharpen, Accelerate and Simplify our business have gained real traction across the organization and are supporting our performance. As a result, we made encouraging progress in the first half, with both business divisions performing in line with our expectations.

Food & Beverage Solutions performed well. Price and mix management drove good sales growth on flat volume and combined with operational leverage, led to double-digit profit growth. Sucralose delivered solid results, while in Primary Products, despite good performance from our manufacturing and supply chain network, profit was lower as market conditions remain challenging. Both divisions benefited from productivity gains and cost discipline.

During the half, we were also proud to establish an important new program to support sustainable agriculture for corn

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot