Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

5,044.00p
   
  • Change Today:
    -80.00p
  • 52 Week High: 5,375.00
  • 52 Week Low: 4,070.00
  • Currency: UK Pounds
  • Shares Issued: 128.89m
  • Volume: 276,493
  • Market Cap: £6,501m
  • RiskGrade: 167

Croda profit hit by weak personal care and industrial demand

By Sean Farrell

Date: Tuesday 25 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Croda International's annual profit fell after the specialty chemicals company's sales were affected by a slower US personal care market and weak industrial demand.
Adjusted pretax profit for the year to the end of December declined 2.8% to ?322.1m from a year earlier as core sales slipped 0.2% to ?1.27bn. Excluding currency movements profit fell 3.7% and sales dropped 2.3%.

Personal care sales fell 3% at constant currency to ?485.2m and performance technologies fell 7.3% to ?430.2m. The FTSE 100 company blamed trade tensions for lower personal care sales and economic uncertainty for specialty chemicals' decline. Life sciences had record sales of ?350.5m, up 6%.

Croda said consumer markets improved in the final quarter but that industrial demand stayed weak and was not expected to pick up in 2020. It told investors to expect 2020 growth to be concentrated in the second half of the year.

Return on sales was unchanged at 24.7%. The company increased its annual dividend by 3.4% to 90p a share.

The company said it was monitoring the impact of coronavirus on its business and that there was potential for disruption to customer and consumer demand. In China, which accounts for 6% of sales and 2% of production, its sales offices and production units have reopened in a limited capacity.



Steve Foots, Croda's chief executive, said: In 2019, we delivered a resilient performance with a strong margin maintained and increased cash flow, despite subdued market conditions. In the year ahead, subject to trading conditions remaining similar, we expect to make further progress in our consumer markets, whilst demand in industrial markets is expected to remain weak but stable. Growth will be second half weighted."

Croda shares fell 1.2% to ?48.60 at 08:20 GMT.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRDA Market Data

Currency UK Pounds
Share Price 5,044.00p
Change Today -80.00p
% Change -1.56 %
52 Week High 5,375.00
52 Week Low 4,070.00
Volume 276,493
Shares Issued 128.89m
Market Cap £6,501m
RiskGrade 167

CRDA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.06% below the market average72.06% below the market average72.06% below the market average72.06% below the market average72.06% below the market average
55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average55.56% below the sector average
Price Trend
63.48% above the market average63.48% above the market average63.48% above the market average63.48% above the market average63.48% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Income
81.52% below the market average81.52% below the market average81.52% below the market average81.52% below the market average81.52% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Growth
65.46% below the market average65.46% below the market average65.46% below the market average65.46% below the market average65.46% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 14
Sell 0
Strong Sell 3
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRDA Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Apr-20 22-Aug-19
Paid 28-May-20 02-Oct-19
Amount 50.50p 39.50p

Trades for 26-May-2020

Time Volume / Share Price
16:35 94,440 @ 5,044.00p
16:29 1 @ 5,058.00p
16:29 24 @ 5,058.00p
16:29 50 @ 5,058.00p
16:29 21 @ 5,056.00p

CRDA Key Personnel

Chair Anita Frew

Top of Page