Croda International Plc (CRDA) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.908 -- 00:00:04.970 Good morning everyone. Many thanks for joining the call. 00:00:04.970 -- 00:00:10.073 I'm here with Stephen and David and once we've run through the formal presentation we 00:00:10.073 -- 00:00:13.593 will be very happy to take your questions. 00:00:13.654 -- 00:00:19.537 So, the usual agenda today. I will start with some overarching comments on performance 00:00:19.537 -- 00:00:24.400 and Stephen will go through the numbers in detail and I will then come back to show how 00:00:24.400 -- 00:00:28.742 we are executing our plan to grow earnings and returns. 00:00:28.742 -- 00:00:32.203 Then it's very much over to you for Q&A. 00:00:32.666 -- 00:00:36.610 Okay, so making a start and coming first to performance. 00:00:36.610 -- 00:00:42.076 The headline message is that the business has done what we expected it to do with results 00:00:42.076 -- 00:00:45.480 very much in line with our expectations for the first half. 00:00:45.480 -- 00:00:50.586 And our growth is classic Crota. Profits growing ahead of sales and sales growing ahead 00:00:50.586 -- 00:00:55.114 of volume. Exactly what we want to see for an innovation-led business. 00:00:55.114 -- 00:01:00.316 We are driving our transformation programme at pace and that is delivering results today 00:01:00.316 -- 00:01:03.878 as well as building an even stronger business for tomorrow. 00:01:03.878 -- 00:01:09.140 Growth increased in the second quarter, driven by consumer care and led by a standout 00:01:09.140 -- 00:01:14.403 performance in beauty actors. We've said for several quarters now that demand 00:01:14.403 -- 00:01:20.213 for innovation, particularly amongst the large multinationals, has been steadily increasing. 00:01:20.213 -- 00:01:25.217 and we have strengthened our portfolio...