IMCD reports 6% EBITA growth in the first three months of 2023
26 Aprile 2023 - 7:00AM
IMCD reports 6% EBITA growth in the first three months of 2023
Rotterdam, The Netherlands (26 April 2023) -
IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces its first
three months 2023 results.
HIGHLIGHTS• Gross profit growth of 8% to EUR
300.0 million (+9% on a constant currency basis)• Operating EBITA
increase of 6% to EUR 148.5 million (+8% on a constant currency
basis)• Result for the year increase of 5% to EUR 82.6 million (+6%
on a constant currency basis)• Cash earnings per share increased by
5% to EUR 1.74 (first three months of 2022: EUR 1.65)• Successful
completion of the acquisitions of Orange Chemicals in the UK,
Sanrise in China, ACM in Sweden andTradeimpex in India• Agreement
signed to acquire 100% of the shares of CPS Oil-Tech in South
Africa
Piet van der Slikke, CEO: "After record growth
in 2022, I am pleased to report that IMCD’s results grew again in
Q1. All regions contributed to the growth, despite the continuing
difficult geopolitical and macroeconomic conditions. Markets and
supply chains remain unpredictable, requiring agility of our teams.
In the first quarter of 2023, we realised an operating EBITA of EUR
148.5 million (+8% forex adjusted). In addition, we generated
healthy cash flows of EUR 147.1 million resulting in a strong cash
conversion margin of 97.4%. Together we continue to look for
opportunities to further strengthen our business model through
acquisitions and expansion of our product and supplier portfolio
and to optimise our customer excellence."
Attached, the full press release in pdf format.
- Press release_IMCD first three months 2023 results
Grafico Azioni IMCD NV (EU:IMCD)
Storico
Da Dic 2024 a Dic 2024
Grafico Azioni IMCD NV (EU:IMCD)
Storico
Da Dic 2023 a Dic 2024
