Half Year 2023 Tate & Lyle PLC Earnings Call Transcript

Feb 15, 2024

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Nov 10, 2022 / 10:00AM GMT
Nick Hampton - Tate & Lyle plc - CEO & Executive Director

Good morning, everyone, and thank you for joining today's half-year results presentation. We are now into the live Q&A. As I said in the prerecording, the group has made an encouraging start to the year with strong revenue and profit growth. The transformation of Tate & Lyle into a purpose-led, science-driven and customer-obsessed business continues to go well, and we are successfully navigating a difficult external environment. Turning now to your questions.

Questions and Answers:

Nick Hampton - Tate & Lyle plc - CEO & Executive Director

And the first question comes from John Ennis at Goldman Sachs.

John Mark Ennis - Goldman Sachs Group, Inc., Research Division - Equity Analyst

Two actually. So my first is on the volume within FBS. You cited a 10 percentage point adjustment between what you consider the underlying volume growth versus the reported volume growth. Can you break down the different movement parts there and give us

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