Analyst Research Report Snapshot

Title:

CRODA INTERNATIONAL - QUALITY ALL ROUND

Price:

$10.00

Provider:

Edison Investment Research

Date:

25 Feb 2010

Pages:

2

Type:

AcrobatPDF

Companies referenced:

CRDA.L

Available for Immediate Download
Summary:

Croda produced a good set of results, featuring a stronger Q3 trend accelerating into Q4 with a return to volume growth and a markedly improved balance sheet. An increased dividend was accompanied by a positive outlook statement. Croda’s gearing to cyclical recovery, its strategy to focus on specialties, combined with cost restructuring and cash flow focus has driven shares to recent highs, albeit still undervaluing earnings prospects.

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