Croda International warns of lower operating margins in 2024.

Croda International, a London-listed specialty chemicals firm, warns of lower operating margins in 2024 due to weak demand and customers destocking. The company's adjusted operating margin is expected to be two to three percentage points lower in full year 2024, with adjusted profit before tax between £260m and £300m. Sales growth is anticipated to be mid- to high single-digit percentage in 2024, excluding Covid-19 lipid sales.

February 27, 2024
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