IMCD N.V. Reports Earnings Results for the Full Year Ended December 31, 2023
February 28, 2024
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IMCD N.V. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was EUR 4,442.64 million compared to EUR 4,601.49 million a year ago. Revenue was EUR 4,470.17 million compared to EUR 4,626.32 million a year ago.
Net income was EUR 292.27 million compared to EUR 313.08 million a year ago. Basic earnings per share from continuing operations was EUR 5.13 compared to EUR 5.5 a year ago. Diluted earnings per share from continuing operations was EUR 5.13 compared to EUR 5.49 a year ago.
IMCD N.V. is one of the world's leaders in the distribution of specialty chemicals and food ingredients. The group's activity is organized primarily around 8 markets:
- house cleaning and maintenance products and textile products: surfactants, abrasives, bleaching agents, dyes, solubilizing agents, functional additives, etc.;
- pharmaceutical products: excipients, active pharmaceutical ingredients, solvents, formulation intermediates and chemical synthesis, etc.;
- personal care products: dyes, rheology modifiers, active and functional and sensory ingredients, sunscreen agents, antioxidants, exfoliants, preservatives, etc.;
- coating products: additives, pigments, resins and special solvents;
- nutritional and food products: acids, emulsifiers, oils, fibers, preservatives, sweeteners, enzymes, plant extracts, etc.;
- lubricants: additives, silicone derivatives, esters, corrosion inhibitors, markers, surfactants, etc.;
- chemical products synthesis: monomers, catalysts, reactive diluents, solvents and additives;
- plastic products: mixers, thermoplastic elastomers, polyurethanes, composite materials, etc.
Net sales break down geographically as follows: the Netherlands (1.5%), Europe/Middle East/Africa (42.2%), Asia/Pacific (24.5%), North America (22.3%), and Latin America (9.5%).