Croda International (CRDA)

Sector:

Industrial Chemicals

Index:

FTSE 100

3,462.00p
   
  • Change Today:
    -39.00p
  • 52 Week High: 5,132.00
  • 52 Week Low: 3,456.00
  • Currency: UK Pounds
  • Shares Issued: 139.64m
  • Volume: 365,380
  • Market Cap: £4,834.18m
  • RiskGrade: 108
  • Beta: 1.35

Croda cuts full-year profit outlook

By Michele Maatouk

Date: Tuesday 30 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Chemicals company Croda cut its full-year profit outlook on Tuesday as it pointed to a weaker-than-expected performance in life sciences, with continued destocking in crop protection and consumer health.

The company now expects adjusted pre-tax profit of between £260m and £280m in full year 2024, down from previous guidance of £260m to £300m.

In the six months to 30 June, adjusted pre-tax profit fell 27% to £127.3m, while sales declined 7.4% to £815.9m.

Croda highlighted weaker-than-expected sales in the life sciences segment, impacted by lower crop protection demand.

"We are encouraged by first half performance in consumer care, key strategic pharma platforms and industrial specialties, with improving operating margins driven by higher sales volumes, price discipline and robust cost control," it said.

"However, with a weaker-than-anticipated performance in life sciences due to continued destocking in crop protection and consumer health, and no signs of an immediate recovery in crop Protection, we now expect group adjusted profit before tax to be between £260m and £280m in full year 2024 at constant currency."

At 0825 BST, the shares were down 5% at 3,899p.

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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 3,462.00p
Change Today -39.00p
% Change -1.11 %
52 Week High 5,132.00
52 Week Low 3,456.00
Volume 365,380
Shares Issued 139.64m
Market Cap £4,834.18m
Beta 1.35
RiskGrade 108

CRDA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.62% below the market average56.62% below the market average56.62% below the market average56.62% below the market average56.62% 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
Price Trend Not Available
Income
27.1% below the market average27.1% below the market average27.1% below the market average27.1% below the market average27.1% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
85.55% below the market average85.55% below the market average85.55% below the market average85.55% below the market average85.55% 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

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 9
Sell 0
Strong Sell 1
Total 16
buy
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 05-Sep-24 18-Apr-24
Paid 08-Oct-24 29-May-24
Amount 47.00p 62.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 100 @ 3,462.00p
16:29 62 @ 3,472.00p
16:29 11 @ 3,472.00p
16:29 35 @ 3,473.00p
16:29 5 @ 3,473.00p

CRDA Key Personnel

CFO Stephen Oxley

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