Tate & Lyle (LON:TATE) Full Year 2024 Results

Key Financial Results

• Revenue: UK￡1.65b (down 5.9% from FY 2023).

• Net income: UK￡179.0m (up 41% from FY 2023).

• Profit margin: 11% (up from 7.3% in FY 2023). The increase in margin was driven by lower expenses.

• EPS: UK￡0.45 (up from UK￡0.31 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tate & Lyle EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 8.8%.

The primary driver behind last 12 months revenue was the Food & Beverage Solutions segment contributing a total revenue of UK￡1.36b (83% of total revenue). Explore how TATE's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in the United Kingdom.

Performance of the British Food industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Tate & Lyle that you should be aware of before investing here.

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