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Making ‘tastier food healthier and healthy food tastier’: Tate & Lyle CEO sees purpose driving growth


Tate & Lyle booked a 4% rise in adjusted full-year profits last week, which rose to £309 million as a strong performance from its food & beverage solutions division offset “challenging market conditions”​ within its primary products segment. Sales were up 2% to £2.76 billion.

CEO Nick Hampton said that the company is seeing a positive performance because it is operating with a sense of purpose, which resonates with customers and has become a “very powerful motivator for our people”​.

Tate & Lyle FY in numbers 

Fiscal 2018/19 to 31 March:

  • Sales – £2,755m, up 2% YOY
  • Profit before tax – £309m, up 4% YOY
  • Diluted EPS – 52 pence, up 4%

He said Tate’s “purpose and profits”​ are “working in harmony”​. For instance, over the last four years, the ingredient supplier’s fibres have helped its customers take the equivalent of 170 billion calories out of products, Hampton revealed.

“Over the last 26 years, sucralose has removed the equivalent of 85 trillion calories,”​ he continued.

Speaking during a conference call with analysts, the chief executive also flagged less obvious ways Tate is able to build sustainability into its model. Through its Bio-PDO product, manufactured by our joint venture with DuPont, the company helping Rebook make more sustainably sourced sneakers with soles made from corn, he noted.



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