IMCD N : reports 7 percent EBITA growth in the first half of 2020
August 18, 2020 at 01:08 am EDT
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HIGHLIGHTS
• Gross profit growth of 7% to EUR 332.7 million (+8% on a constant currency basis)
• Operating EBITA increase of 7% to EUR 131.4 million (+8% on a constant currency basis)
• Net result before amortisation and non-recurring items increase of 6% to EUR 90.2 million (+7% on a constant currency basis)
• Cash earnings per share increased by 5% to EUR 1.69 (first half of 2019: EUR 1.60)
Piet van der Slikke, CEO:'IMCD's results in the first six months were strong with a gross profit and operating EBITA growth of both 8% (FX adjusted). Although the market circumstances due to the COVID-19 crisis were challenging, in Q2 we were able to improve our operating EBITA by 4% due to a strong performance in the Americas and APAC. At this moment, the economic consequences of the pandemic are uncertain. Therefore, it is difficult to predict how the rest of the year will develop. Nonetheless, our focus is clear. We will continue to work on new projects and to execute our diversification strategy, not only geographically, but in our market segments as well. I am proud of the resilience of our Group and encouraged by the flexibility we have shown during this crisis, and confident in our company's potential for future growth.'
To read the full press release, please click the link below:
PRESS RELEASE_IMCD first half year 2020 results
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IMCD NV published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 05:07:05 UTC
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%).
IMCD N.V. 
