Tate & Lyle PLC - Trading Update

| Filed in:
Tate & Lyle issues the following routine trading update following annual sales contract pricing rounds at two of its major businesses. Trading since the announcement of our interim results on 4 November 2004 has continued to go well and the outlook for the year to 31 March 2005 has not altered. Tate & Lyle Food and Industrial Ingredients Americas (formerly Staley) has substantially completed the negotiation of its calendar 2005 sales contracts. Overall in calendar 2005 in local currency, and despite higher energy costs, we expect at least to maintain sweetener total net margins at calendar 2004 levels. We anticipate achieving higher total net margins on value added food ingredients and other products. The 2005 calendar sweetener pricing round for Tate & Lyle Food and Industrial Ingredients Europe (formerly Amylum) has been competitive. After higher energy costs we expect total sweetener and starch net margins to be slightly below those achieved in calendar 2004. Demand for sucralose remains strong and our expansion projects are on track.

Click here for our press image gallery

About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,500 employees working in around 57 locations across 39 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2023, Tate & Lyle revenue from continuing operations totalled £1.75 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube