Croda International PLC (FRA:6CMB)
€ 41.13 -0.24 (-0.58%) Market Cap: 5.73 Bil Enterprise Value: 6.35 Bil PE Ratio: 29.61 PB Ratio: 2.08 GF Score: 82/100
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Q1 2023 Croda International PLC Trading Statement Call Transcript

Jun 09, 2023 / 07:00AM GMT
Release Date Price: €61 (-13.48%)
David Bishop
Croda International Plc - Director of IR

Good morning, everybody. I'm joined in the room this morning by Steve Foots, CEO; and Louisa Burdett, CFO, is also dialing in. We're recording this call this morning. We'll have some short opening remarks from Steve, and then we'll have 40 minutes for plenty of Q&A. Over to you, Steve.

Stephen Edward Foots
Croda International Plc - Group Chief Executive & Executive Director

Yes, thanks. Good morning, everybody, and thanks for joining the call at such short notice. Hopefully, you've had a chance to read the trading update that we issued first thing. There are 2 really key points to highlight in terms of what's changed for us since our results at the end of February.

Firstly, it's in Consumer Care. Whilst we've been encouraging -- we've been encouraged by the improving performance on quarter 4 last year and continue to see sequential recovery quarter 1 to quarter 2, the recovery has just been -- hasn't been as quick as we'd anticipated back in February. So destocking is ongoing, and we now

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