Business
Results for the six months ended 30 June 2018
Results for the six months ended 30 June 2018.
About this update from Croda International Plc
[{"type":"text","content":"\n \nRNS Number : 6511V Croda International PLC 25 July 2018 \n\n25 July 2018\nResults for the six months ended 30 June 2018\nGrowth strategy delivering - sales momentum in Core Business\nCroda International Plc (\"Croda\" or the \"Group\"), the speciality chemical company that creates high performance ingredients and technologies relied upon by industries and consumers globally, today announces its half year results for the six months ended 30 June 2018.\nReported results\n\n\n\n\nReported results (IFRS)\n\n\nHalf year ended 30 June\n\n\n\n\n \n\n\n \n\n\n2018\n\n\n2017\n\n\n% change\n\n\n\n\nSales\n\n\n£million\n\n\n702.8\n\n\n707.3\n\n\n(0.6)%\n\n\n\n\nOperating profit\n\n\n£million\n\n\n174.3\n\n\n174.1\n\n\n+0.1%\n\n\n\n\nProfit before tax\n\n\n£million\n\n\n170.8\n\n\n168.0\n\n\n+1.7%\n\n\n\n\nBasic earnings per share (EPS)\n\n\nPence\n\n\n97.5\n\n\n92.4\n\n\n+5.5%\n\n\n\n\nOrdinary dividend per share\n\n\nPence\n\n\n38.0\n\n\n35.0\n\n\n+8.6%\n\n\n\n\n \n· Sales 0.6% lower at reported currency, after adverse impact of stronger Sterling on translation of 4.1%\n· Profit before tax up 1.7% at reported currency, after adverse 4.6% impact from currency translation\n· Basic earnings per share (EPS) up 5.5% at reported currency, including benefit of lower tax rate in US\n· Interim dividend increased by 8.6% to 38.0 pence\nAdjusted1 results\n\n\n\n\nAdjusted results\n\n\nHalf year ended 30 June\n\n\n\n\n \n\n\n \n\n\n2018\n\n\n2017\n\n\n% change\n\n\n% change\nconstant rate2\n\n\n\n\nSales \n\n\n£million\n\n\n702.8\n\n\n707.3\n\n\n(0.6)%\n\n\n+3.6%\n\n\n\n\nOperating profit\n\n\n£million\n\n\n178.5\n\n\n175.8\n\n\n+1.5%\n\n\n+6.0%\n\n\n\n\nProfit before tax\n\n\n£million\n\n\n175.0\n\n\n169.7\n\n\n+3.1%\n\n\n+7.7%\n\n\n\n\nBasic EPS\n\n\npence\n\n\n100.2\n\n\n93.4\n\n\n+7.3%\n\n\n+12.0%\n\n\n\n\nReturn on sales\n\n\n%\n\n\n25.4%\n\n\n24.9%\n\n\n+0.5%pts\n\n\nn/a\n\n\n\n\nFree cash flow\n\n\n£million\n\n\n62.7\n\n\n40.5\n\n\n+54.8%\n\n\nn/a\n\n\n\n\n1Adjusted results are stated before exceptional items, acquisition costs and amortization of intangible assets arising on acquisition, and tax thereon, as set out in note 1 below\n2Constant currency results reflect current year perfo...