Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

5,155.00p
   
  • Change Today:
      75.00p
  • 52 Week High: 5,375.00p
  • 52 Week Low: 4,564.00p
  • Currency: UK Pounds
  • Shares Issued: 128.89m
  • Volume: 53,679
  • Market Cap: £6,644m
  • RiskGrade: 88

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Croda announces £150m special dividend as profit ticks up

By Michele Maatouk

Date: Tuesday 26 Feb 2019

LONDON (ShareCast) -

In the year to 31 December, pre-tax profit on an IFRS basis edged up 1.2% to £317.8m, with revenue up 1% to £1.39bn and core business sales 3.8% higher at constant currency at £1.27bn.


The company said currency translation reduced sales versus 2017 by £26.2m and adjusted pre-tax profit by £8.7m.


Basic earnings per share increased 6.3% to 190.2p and Croda said it saw consistent growth in the core business at industry-leading margins. Meanwhile, sales in the personal care business were up 6.8%, while life sciences sales grew 2.8%.


With free cash generation improving and capital investment reducing, the full-year ordinary dividend was lifted by 7.4% to 87p. In addition, the company announced a £150m return of capital by way of a special dividend of 115p per share.


Free cash flow during the year improved to £155.4m from £98.5m in 2017.


Chief executive officer Steve Foots said: "2018 was another year of strong progress for Croda. We are 'Growing the Core' - once again delivering top line growth at industry leading margins to achieve superior returns. We are 'Stretching the Growth', accelerating delivery across our markets through relentless innovation and by investing in disruptive technologies and exciting new growth opportunities. All core sectors contributed to this performance, demonstrating Croda's three legs of growth. Cash generation strengthened and we have proposed the return of a further £150m through a special dividend to shareholders, in addition to an increased ordinary dividend.


"Looking ahead, whilst global market conditions remain challenging, we continue to invest for the future and are confident that our strategy of Growing the Core and Stretching the Growth will deliver further progress in 2019."


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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 5,155.00p
Change Today 75.00p
% Change 1.48 %
52 Week High 5,375.00p
52 Week Low 4,564.00p
Volume 53,679
Shares Issued 128.89m
Market Cap £6,644m
RiskGrade 88

CRDA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.27% below the market average92.27% below the market average92.27% below the market average92.27% below the market average92.27% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
20.78% above the market average20.78% above the market average20.78% above the market average20.78% above the market average20.78% above the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Income
73.21% below the market average73.21% below the market average73.21% below the market average73.21% below the market average73.21% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Growth
28.09% below the market average28.09% below the market average28.09% below the market average28.09% below the market average28.09% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 10
Sell 0
Strong Sell 3
Total 16
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
  Interim Final
Ex-Div 22-Aug-19 11-Apr-19
Paid 02-Oct-19 30-May-19
Amount 39.50p 49.00p

Trades for 19-Feb-2020

Time Volume / Share Price
14:35 47 @ 5,155.00p
14:35 168 @ 5,155.00p
14:35 75 @ 5,155.00p
14:35 50 @ 5,155.00p
14:34 23 @ 5,155.00p

CRDA Key Personnel

Chair Anita Frew

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