The earnings call presented a mixed picture with strong performance in Consumer Care and cash flow, but notable challenges in sales decline, particularly in Life Sciences and Industrial Specialties. Operational efficiencies are expected to improve future results, but the current performance is below expectations.
Company Guidance
During the call, Croda reported a mixed fiscal performance for 2024, with group sales down 1% or up 2% excluding prior year's £48 million covered lipid sales. The adjusted operating margin declined from 18.9% in 2023 to 17.2% in 2024, mainly due to the absence of high-margin COVID lipids, but showed improvement in the second half to 17.7%. Profit before tax was within guidance at £273 million, with a strong cash flow of £181 million, up 9%, and a modest dividend increase to 110p per share. Consumer Care sales grew 7%, while Industrial Specialties saw a 2% rise, and Life Sciences sales declined 6% but rebounded in the second half. Croda's 2025 outlook anticipates sales growth in Consumer Care and Life Sciences, with Industrial Specialties remaining flat, aiming for a profit before tax of £265 million to £295 million. They plan to enhance margins by increasing utilization and operational efficiencies, targeting £40 million in cost savings by 2026.
Consumer Care Growth
Sales in Consumer Care grew by 7% in constant currency, with a significant 11% increase in sales volumes. The division benefited from strong performance in F&F, which grew by 18%.
Strong Cash Flow
Free cash flow increased by over 9% to £181 million, supported by working capital discipline and reduced capital expenditure.
Operational Efficiency
Proactive cost actions and operational efficiencies are expected to deliver £40 million in savings against a 2024 baseline, with £25 million in savings targeted for 2025.
Positive Start to 2025
2025 has begun well, with expectations for good revenue growth in Consumer Care and Life Sciences, and operational efficiencies anticipated to offset inflation and incremental costs.
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Croda International (GB:CRDA) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:CRDA Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 25, 2025
3203.00p
3205.00p
+0.06%
Jul 30, 2024
4055.06p
3927.59p
-3.14%
Feb 27, 2024
4783.32p
4632.10p
-3.16%
Jul 25, 2023
5477.20p
5736.45p
+4.73%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Croda International PLC (GB:CRDA) report earnings?
Croda International PLC (GB:CRDA) is schdueled to report earning on Jul 29, 2025, TBA Not Confirmed.
What is Croda International PLC (GB:CRDA) earnings time?
Croda International PLC (GB:CRDA) earnings time is at Jul 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.