Croda International Plc (CRDA) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.598 Hello and welcome to CRODA International Q3 2025 00:00:04.598 -- 00:00:10.046 Fails Update. My name is Laura and I will be your coordinator for today's event. 00:00:10.046 -- 00:00:14.252 Please note this call is being recorded and for the duration of the call, your lines 00:00:14.252 -- 00:00:19.860 will be on listen only mode. However, you will have the opportunity to ask questions 00:00:19.860 -- 00:00:24.987 at the end of the call. This can be done by pressing star 1 on your telephone 00:00:24.987 -- 00:00:30.748 keypad to read the say a question. I will now send you over to your host, Seafood, 00:00:30.748 -- 00:00:34.173 to begin today's conference. Thank you. 00:00:34.173 -- 00:00:36.877 Morning, everyone, and thanks for being on the call. 00:00:36.877 -- 00:00:40.743 I'm here with Stephen. He'll join me in answering your questions in a moment. 00:00:40.743 -- 00:00:45.611 I'll let me start by quickly highlighting three key points coming from the Q3 update. 00:00:45.611 -- 00:00:50.699 Firstly, group sales are up 6.5% in constant currency, a sixth consecutive 00:00:50.699 -- 00:00:53.390 quarter of sales growth, and we're pleased with that. 00:00:53.390 -- 00:00:58.578 Quarter three hasn't seen any big surprises for us, with customer demand for our ingredients 00:00:58.578 -- 00:01:03.565 broadly the same as quarter two. And most encouragingly, we're seeing sales growth with 00:01:03.565 -- 00:01:09.314 innovation led, driven by an improvement in beauty actives, continued strength in F&F, 00:01:09.314 -- 00:01:14.481 and an ongoing recovery in crop. Secondly, we continue to optimize utilization 00:01:14.481 -- 00:01:19.592 at our shared production sites, through targeted sales and ingredients in beauty care, 00:01:19.592 -- ...