Photo: Tate & Lyle, PLC LONDON — Tate & Lyle, PLC will change to three segments: Food & Beverage Solutions, Sucralose, and Primary Products Europe with expectations that most of the growth will come in Food & Beverage Solutions, executives of the London-based company said at a Feb. 8 capital markets event. Central costs no longer will be reported separately. The company also set organic performance goals for the five fiscal years ending March 2028: annual revenue growth of 4% to 6%, annual EBITDA growth of 7% to 9%, an improvement in return on capital employed of up to 50 basis points annually on average, and $100 million of cumulative productivity benefits. Tate & Lyle has different goals for each segment. The company expects growth in the high single-digit percentages in Food & Beverage Solutions to drive the company’s revenue increases. “Food & Beverage Solutions is by far our largest business, representing 81% of revenue and over 80% of EBITDA,” said Nick Hampton, chief executive officer. “Its role is to drive growth, revenue growth and margin expansion.” Sucralose represents 12% of Tate & Lyle’s revenue and will be expected to maintain attractive returns, he said. “The role of Sucralose […]
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