Last checked at 4 Jun 2021 13:13
Regulatory News Announcement
4 June 2021
Croda International Plc
Restatement of results for new reporting structure
Croda International Plc ('Croda' or 'the Group') announced in November 2020 that from 2021 it would amend its reporting structure to report under four sectors - Consumer Care, Life Sciences, Performance Technologies and Industrial Chemicals.
In advance of its half year results on 27 July 2021, the Group is publishing restated segmental results for half year 2020 to provide a like-for-like comparator.
Consumer Care comprises the Personal Care sector, including Iberchem, a customer previously reported within Life Sciences, and the Home Care business unit from Performance Technologies.
The table below sets out the new structure, showing half year 2020 results as previously reported and the results for the same period restated to reflect the new structure. There is no impact from the Group's acquisitions of Avanti and Iberchem as they were both completed in the second half of 2020.
Sales | Adjusted operating profit* | |||
Half year ended 30 June 2020 Reported currency |
As reported £m | Restated £m | As reported £m | Restated £m |
Consumer Care | 226.7 | 251.1 | 68.9 | 73.7 |
Life Sciences | 182.9 | 179.8 | 59.4 | 57.8 |
Performance Technologies | 216.3 | 195.0 | 32.7 | 29.5 |
Industrial Chemicals | 47.0 | 47.0 | 0.6 | 0.6 |
Group | 672.9 | 672.9 | 161.6 | 161.6 |
* Adjusted operating profit is stated before exceptional items, acquisition costs and amortisation of intangible assets arising on acquisition.
Further information
David Bishop, Director of Investor Relations and Corporate Affairs: +44 7823 874428