Croda reels in record sales and pre-tax profit
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.