Tate & Lyle plc (OTCQX:TATYF) Q3 2025 Results Conference Call February 13, 2025 5:00 AM ET
Company Participants
Nick Hampton – Chief Executive Officer
Sarah Kuijlaars – Chief Financial Officer
Conference Call Participants
Patrick Higgins – Goodbody
Matthew Webb – Investec
Alex Sloane – Barclays
Joanne Lim – BNP Paribas
Chris Pitcher – Redburn Atlantic
Operator
Good morning, and welcome to the Conference Call for Tate & Lyle’s Q3 Trading Statement. Your speakers today are Nick Hampton, Chief Executive; and Sarah Kuijlaars, Chief Financial Officer.
I will now hand you over to Nick Hampton for some opening remarks.
Nick Hampton
Thank you, operator. Good morning, everyone, and welcome to Tate & Lyle’s third quarter conference call. I will make some introductory comments and then Sarah and I will be happy to take your questions. The group delivered another quarter of solid operating performance with volume and EBITDA growth. We also saw strong productivity and cash delivery.
In November, we completed the acquisition of CP Kelco, a leading global Pectin and Specialty Gums business. This acquisition represents a significant acceleration in the delivery of our growth focus strategy. It establishes Tate & Lyle as a leader in mouthfeel, a critical driver of customer solutions and we are encouraged by the positive response to customers to the benefit of our expanded portfolio and solutions capabilities.
Looking in more detail at our performance in the quarter. Volume in Food & Beverage Solutions was 4% higher, with growth in each region. Revenue was 4% lower, primarily reflecting the pass-through of input cost deflation. Sucralose performed strongly benefiting from the continued impact of the pull forward of customer orders, which we expect will partly unwind in the fourth quarter.
CP Kelco performed well and in line with our expectations, delivering strong volume growth in the 2024
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