Annual Report

 

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THE BRAINS BEHIND
THE FOOD YOU LOVE

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Download the 2022 Annual report


INSIDE THE 2022 ANNUAL REPORT

Child drinking milk
The way we live, work and eat is changing; and our goal is not just to feed people, but to feed them well.

The combination of increasing awareness of climate change and the recognition of the importance of a healthy lifestyle are global trends presenting us with even more opportunities to make an impact.
Consumer browsing supermarket produce
Our ingredients and solutions add specific functionality, nutrition and health benefits to our customers’ products.

We work in partnership with our customers to develop new products, and reformulate existing ones, to make food and drink healthier and still taste great.
Sunrise over corn field
Since we set our targets in 2020, we've helped remove four million tonnes of sugar, equivalent to 16 trillion calories, from people’s diets.

We've also provided 2.9 million meals to people in need; reduced our greenhouse gas emissions; eliminate the use of coal in all our operations and much more.
Think and create R&D
Our scientific and commercial know-how is helping our customers to bring their products to market faster.

We not only create ‘new to the world’ products, but also develop extensions to existing product lines, as well as new technologies and processes which make our business more efficient.
Environment, Health and Safety
While keeping customers front of mind - and despite many challenges such as the global pandemic, supply chain disruption and high customer demand - we kept our focus on the everyday, ongoing safety of our people and processes, and our longer-term goals for environmental sustainability.
Bakery lab colleagues
Tate & Lyle has always been a place for explorers and experimenters, and we want everyone to ‘find their innovator and disruptor within’.

This means having the courage to experiment, share ideas openly, and respond quickly.
Our financial results¹

£145m

Adjusted profit before tax
(+14%)

24.9p

Adjusted diluted earnings
per share
(+4%)

£1,375m

Revenue
(18%)

1 Adjusted results exclude exceptional items, amortisation of acquired intangibles, the tax on those adjustments and tax items that are themselves exceptional. Percentage changes are in constant currency.

2022 Annual Report

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