Croda increases its 2017 interim dividend by 6.9%

DividendMax Ltd.

Croda increases its 2017 interim dividend by 6.9%

First half year highlights (reported currency):

Sales up 16.2% driven by continued organic growth across all Core Business sectors, together with positive currency translation

Margin performance maintained, with return on sales of 24.9%

Adjusted profit before tax up 14.3% at £169.7m, reflecting profit growth across the Core Business

Relentless focus on innovation, with sales of New and Protected Products (NPP) increasing to almost £200m

Continued cash generation supporting peak organic investment, and strong balance sheet. Free cash flow of over £40m, leverage ratio of 1.0x and 6.9% increase in interim dividend

Full year outlook affirmed. 

Companies mentioned