Croda International Plc (OTCPK:COIHF) Q1 2024 Earnings Conference Call April 24, 2024 3:00 AM ET

Company Participants

David Bishop – Investor Relations
Steve Foots – Chief Executive Officer
Louisa Burdett – Chief Financial Officer

Conference Call Participants

Matthew Yates – Bank of America
Charles Eden – UBS
Chetan Udeti – JP Morgan
Sebastian Bray – Berenberg
Lisa Dennis – Morgan Stanley
Amy Lian – Barclays Investment Bank
Artem Chubarov – Redburn Atlantic
Ranulf Orr – Citi
Isha Sharma – Stifel
Gunther Zechmann – Bernstein


Hello and welcome to the Croda International Plc Q1 Results Call. My name is Jess and I’ll be your coordinator for today’s event. Please note this call is being recorded and for the duration of the call your lines will be on listen-only. However, there will be the opportunity to ask questions. [Operator instructions].

I will now hand over to your host, David Bishop, Investor Relations Director, to begin today’s call. Thank you.

David Bishop

Good morning and thank you for joining this Q1 Update call, covering our sales performance in the three months to the 31 of March 2024. I’m joined this morning by Steve Foot, CEO and Louisa Burdett, CFO. Hopefully you’ve already seen the statement, so we will have a short introduction from Steve before taking questions. Can we ask the analysts to limit their questions to one to parti — per participant? Easy to say, please, plus one supplementary only if necessary for clarification.

Steve Foots

Thanks, David. And David hasn’t been drinking last night as well. But morning to you, everybody, let me take you through the handful of key points that summarize what we’ve seen during Q1. I’ll use the final quarter of ’23 as the comparator. As Q1, ’23 was a very strong quarter, as in all of our businesses, actually; before these stocking commenced in crop protection and industrial

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