Croda International PLC 

Croda International PLC (LSE: CRDA) is an FTSE 100 listed entity that develops specialty chemicals.

Q3 FY23 Trading Update (Released on 29 September 2023)

• Revenue: The company stated that the sales volume from the Beauty Care Business dipped in July and August in North America and showed some improvement in September this year. F&F sales saw an uptick whereas the Home Care sales also showed moderate improvement and positive price/mix mostly offset the impact of the lower volumes in Beauty Activities.
• Profitability: The company expects the Adjusted Profit Before Tax to be between GBP 300 mn and GBP 320 mn for FY23, which is revised down from the previous estimates of the Adjusted Profit Before Tax of GBP 370 mn – GBP 400 mn.
• Cost Control: The company implemented various cost control measures to tighten the fixed costs business and optimize production through various plant shutdowns and reduced working shifts. The group is in a position to endure the challenging macroeconomic environment and possibly sail through it.
• Results Declaration: The FY23 results will be announced on 27 February 2024.

Share Price Chart

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Croda International PLC (LSE: CRDA) was trading at the current market price of GBX 4,593.00 (as of 10 October 2023, 09:15 AM GMT+1)

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 10 October 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Note 4: Dividend Yield may vary as per the stock price movement.

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