Croda Full-Year Report 2022
Record sales and profit. Operating profit +10% Sales +11% influenced by Price / mix driven and Successful inflation recovery
Looking at that 18% sales growth for Consumer Care, this sector saw the largest impact from inflation recovery, with price mix 22% higher. By contrast, volume was 12% lower, which was driven by two primary components. Firstly, we had seen strong customer demand back in 2021 to meet the post-pandemic consumer recovery, with customers also buying ahead to mitigate surging inflation and secure supplies in problematic global supply chains. In the second half of 2021 alone, Personal Care sales were 20% up year-on-year.