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CRODA Share Price

Croda International plc was performing well in the speciality chemicals industry. Despite the challenges posed by the COVID-19 pandemic, the company reported strong financial results for the first half of 2021.

In the six months ended June 30, 2021, Croda reported a 27.5% increase in revenue to £875.3 million, compared to the same period in the previous year. The company’s operating profit also increased by 25.9% to £232.1 million, reflecting its ability to adapt to changing market conditions and deliver value to its customers.

Croda Share Price

Croda International plc is a British speciality chemicals company listed on the London Stock Exchange (LSE) under the ticker symbol CRDA. The company is also a constituent of the FTSE 100 index, which tracks the performance of the 100 largest companies listed on the LSE. As of this post, Croda’s Share Price is at 7,076.00 GBX.

Croda Share Price

Brief Background of Croda Share

Croda International plc is a British speciality chemicals company founded in 1925 in Hull, England. The company’s name is derived from its founder, George Crowe, and his brother-in-law, the chemist Arthur D. Dalton, who developed a process for extracting oil from wool.

In the early years, Croda focused on producing lanolin and derivatives for use in the cosmetics industry. Over time, the company expanded its product range to include various speciality chemicals, including surfactants, lubricants, and polymer additives. It established a global presence with operations in Europe, Asia, and the Americas.

In 1964, Croda became a public limited company, and in 1998, it merged with Uniqema, a Dutch speciality chemicals company, to form a new entity, Croda Uniqema. The merger allowed Croda to expand its product portfolio and customer base, strengthening its position as a leading supplier of speciality chemicals.

In 2006, Croda Uniqema was rebranded as Croda International plc, reflecting the company’s commitment to innovation, sustainability, and customer focus. Today, Croda continues to be a leading player in the speciality chemicals industry, with a portfolio of high-performance products used in various applications, including personal care, healthcare, agriculture, and industrial markets.

Advantages of Investing in Croda Share Price

Croda has a track record of delivering strong financial results, consistent revenue and profit growth. In 2020, the company reported revenue of £1.2 billion and an operating profit of £289 million, demonstrating its resilience in economic uncertainty.

Croda offers speciality chemicals in diverse industries, including personal care, healthcare, agriculture, and industrial markets. This diversification can help to mitigate risks associated with reliance on a single product or market.

Croda strongly focuses on innovation and sustainability, committed to developing new products and solutions that address customer needs while minimising environmental impact. In addition, the company has set ambitious sustainability targets, such as achieving net-zero carbon emissions by 2050, which can help to future-proof its business and attract socially responsible investors.

Croda is a global leader in the speciality chemicals industry, with a strong reputation for quality and customer service. The company has a broad customer base and established relationships with key industry players, which can provide a competitive advantage and support long-term growth.

Main Competitors of Croda Share

Croda International plc operates in the speciality chemicals industry, which is highly competitive and fragmented. Some of the main competitors of Croda include:

  1. BASF SE
  2. Clariant AG
  3. Evonik Industries AG
  4. Solvay SA
  5. Huntsman Corporation
  6. Ashland Global Holdings Inc.
  7. Lubrizol Corporation
  8. Stepan Company
  9. Innospec Inc.
  10. Lonza Group AG

These companies offer a wide range of speciality chemicals that compete with Croda’s products in various industries, such as personal care, home care, pharmaceuticals, and industrial markets. In addition, some companies are larger and more diversified than Croda, while others focus on specific markets or product categories.

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Conclusion

Croda’s performance was driven by solid growth in its consumer care and life sciences businesses, which benefited from increased demand for personal care and health and wellness products. The company also continued to invest in research and development, sustainability, and digital capabilities, positioning itself for long-term growth and competitiveness.

FAQ

FAQ: CRODA Share Price

What is the historic performance of Croda International plc stock?

Here are some historical performance highlights of Croda International plc stock:

Over the past five years (as of September 2021), Croda's stock price has increased by approximately 150%, outpacing the FTSE 100 index, which increased by approximately 20% over the same period.

In 2020, Croda's stock price increased by approximately 25%, despite the economic uncertainty caused by the COVID-19 pandemic.

Croda has a consistent history of paying dividends, with a current dividend yield of approximately 1.6% (as of September 2021). In addition, the company has a policy of paying progressive dividends, meaning that the dividend amount is expected to increase over time, subject to business performance.

Croda's stock is listed on the London Stock Exchange (LSE) and is included in the FTSE 100 index, which comprises the 100 largest companies listed on the LSE by market capitalisation.

Does Croda International plc pay dividends to its shareholders?

Yes, Croda International plc pays dividends to its shareholders. The company has a consistent record of paying dividends, reflecting its commitment to returning value to its shareholders. Croda has a progressive dividend policy, meaning that the dividend amount is expected to increase over time, subject to business performance and financial conditions.

Who are the target investors of Croda International plc?

Croda International plc's target investors are typically long-term investors seeking exposure to the speciality chemicals industry and are interested in investing in a company with a track record of delivering consistent growth and shareholder value.

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Simon Williams
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