Business
Interim Results 2013
Interim Results 2013.
About this update from Croda International Plc
[{"type":"text","content":"\n \nRNS Number : 8873J Croda International PLC 23 July 2013 \n \n\nTuesday 23 July 2013\nCroda International Plc\n \nInterim results for the six months to 30 June 2013\n \nINCREASED PROFITS AND IMPROVING TRENDS IN KEY MARKETS\n \n\n\n\n\nH1 Highlights\n\n\nH1 2013\n\n\nH1 2012\n\n\n% Change\n\n\n\n\n\n\n\n\n\n\nRestated*\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSales\n\n\n£562.7m\n\n\n£555.3m\n\n\n+1.3\n\n\n\n\n - Consumer Care\n\n\n£312.8m\n\n\n£309.2m\n\n\n+1.2\n\n\n\n\n - Performance Technologies\n\n\n£203.2m\n\n\n£204.2m\n\n\n-0.5\n\n\n\n\n - Industrial Chemicals\n\n\n£46.7m\n\n\n£41.9m\n\n\n+11.5\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nOperating profit\n\n\n£139.1m\n\n\n£133.5m\n\n\n+4.2\n\n\n\n\n - Consumer Care\n\n\n£99.0m\n\n\n£96.5m\n\n\n+2.6\n\n\n\n\n - Performance Technologies\n\n\n£34.5m\n\n\n£32.8m\n\n\n+5.2\n\n\n\n\n - Industrial Chemicals\n\n\n£5.6m\n\n\n£4.2m\n\n\n+33.3\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nProfit before tax - continuing operations\n\n\n£133.1m\n\n\n£125.2m\n\n\n+6.3\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nEPS - continuing operations\n\n\n68.1p\n\n\n62.9p\n\n\n+8.3\n\n\n\n\nDividend per share\n\n\n29.0p\n\n\n26.75p\n\n\n+8.4\n\n\n\n\n \n· Further increase in pre-tax profits in challenging trading environment \no Group Return on Sales up to 25.4% in Q2 (2012: 24.9%)\n \n· Improved top line performance in Consumer Care\no On-going benefits of innovative, higher margin products \no Strong growth with the major multi-nationals in Personal Care\no Crop Care sales down but showing improved momentum through Q2\n \n· Continued progress in Performance Technologies\no Return on sales increased to 17.0% (2012: 16.1%)\no Turnover impacted by soft automotive environment in Europe \n \n· Strong free cash flow generation, up 28%; Net Debt/EBITDA ratio 0.7x\n \n· Acquisition of Specialty Products business of Arizona Chemical for £7.9m\n \n*2012 comparatives have been restated for discontinued operations and the revisions to IAS19 \n \nQ2 Highlights \n \n\n\n\n\n\n\n\nQ2 2013\n\n\nQ2 2012\n\n\n% Change\n\n\n\n\n\n\n\n\n\n\nRestated\n\n\n\n\n\n\n\nSales\n\n\n£279.6m\n\n...