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UK's Croda posts 6.6% rise in quarterly sales on higher beauty demand; keeps annual forecast

By Reuters News

Nov 5 (Reuters) - British specialty chemicals maker Croda International CRDA.L reported a 6.6% increase in third-quarter sales on Thursday, driven by higher demand for ingredients from beauty brands, while keeping its annual organic sales forecast unchanged.

Here are some details:

• The company reported sales of £449.9 million ($606.87 million), up from £424.7 million a year earlier

• Sales from the Consumer Care segment, Croda's largest, jumped 10.8%, driven by stronger demand from global beauty brands and strength in premium categories, with Beauty Actives up 19% and Beauty Care up 13%

• The company maintained its full-year outlook for organic sales growth of 3-6%

• Croda remains on track to deliver about £100 million in annualised pre-tax cost savings by 2028, with £46 million delivered through June 30, it said

• The company's shares were up 2.74% after the results. They have risen 34.06% so far this year

($1 = 0.7413 pounds)

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