Croda increases its 2014 full year dividend by 1.6%

DividendMax Ltd.

Croda increases its 2014 full year dividend by 1.6%

Highlights

·     Good progress in a challenging environment

·     Top line growth - overall sales up 2.9%*

All core sectors returned to growth in second half

Consistently outperforming our markets during second half

·     Adjusted operating profit from 3 core sectors up £2.9m

·     New organisational structure achieving sharper commercial focus and improved customer collaboration

·     Strong performance from Life Sciences and Performance Technologies

·     Personal Care impacted by challenging first half; improving second half trend

·     Accelerating innovation - sales of New & Protected Products up 13%

·     Adjusted profit before tax £235.4m, 1.7% lower than 2013

·     Strong cash flow supporting investment; net debt reduced to £180.2m

·     Full year dividend increased by 1.6% to 65.5p

Companies mentioned