Croda reels in record sales and pre-tax profit

CRODA International today said that innovation was driving continued growth, as it published its results for 2015.
Steve Foots, Chief Executive of Croda.Steve Foots, Chief Executive of Croda.
Steve Foots, Chief Executive of Croda.

Steve Foots, Croda’s chief executive, commented: “2015 has been a year of strong progress for Croda. A relentless focus on innovation, improved proximity to our customers and investment in fast growth markets has delivered record reported sales and pre-tax profit, together with a special dividend to shareholders. Looking ahead, whilst we expect market conditions to remain challenging, our strong innovation pipeline and the benefits of our customer-led investment in capacity mean that we are confident of delivering continued progress in 2016.”

In a statement, Croda said sales for the year increased to £1,081.7m, representing constant currency growth of 4.2 per cent over 2014 and capping six successive quarters of underlying sales growth. Adjusted pre-tax profit was £254.7m, compared with £235.4m in 2014 and IFRS pre-tax profit was £252.3m, compare with £229.4m the year before.