Croda International PLC
02 November 2006
2nd November 2006
Croda International Plc
Third Quarter Trading Statement
Commenting on the results for the nine months to 30th September 2006, Martin
Flower, Chairman said:
'Sales for the 9 months were 5% higher than the previous year with only a
marginal benefit from currency translation. Strong sales in Consumer Care were
partially countered by the planned reduction in toll processing and technical
oil trading.
Excluding the effects of the Uniqema acquisition, our unaudited management
accounts show continuing profit before tax was in line with expectations, up
over 8% for the nine months versus the corresponding period last year.
The period incorporated one month of trading from Uniqema. Here, profits were in
line with expectations with a good sales performance countering some under
recovery of cost increases. Initial visits to all major acquired sites have
confirmed the high quality of the assets and personnel in Uniqema and the
integration process is progressing in line with plan.
We were pleased with the demand for shares in the recent placement. As a result
of this, net debt stood at £326m at 30th September 2006.'
For further information please contact:
Mike Humphrey, Group Chief Executive 01405 860551
Sean Christie, Group Finance Director 01405 860551
Andrew Dowler / Charles Watenphul, Financial Dynamics 0207 831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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