Sales Growth Across All Segments
Group sales increased by 7% for the first half, with all three business units and regions showing growth. Consumer Care sales grew 7%, Life Sciences sales increased by 9%, and Industrial Specialties grew by 4%.
Improved Operating Profit
Adjusted operating profit was up 12% to GBP 147 million, with adjusted profit before tax also growing by 12% to GBP 138 million.
Strong Performance in Agriculture
Crop and Seed sales combined were up 13%, driven by good demand, especially in Europe.
Cost Savings Initiative
The company has identified GBP 60 million of additional cost savings, totaling GBP 100 million of annualized savings by the end of 2027.
Positive Free Cash Flow
Free cash flow was reported at GBP 34 million despite higher working capital.