IMCD reports 46% EBITA growth in the first half of 2021
04 August 2021 - 7:00AM
IMCD reports 46% EBITA growth in the first half of 2021
Rotterdam, The Netherlands (4 August 2021) -
IMCD N.V. ("IMCD" or "Company"), a leading distributor of
specialitychemicals and ingredients, today announces its first half
year 2021 results.
HIGHLIGHTS
• Gross profit growth of 23% to EUR 410.9 million (+28% on a
constant currency basis)• Operating EBITA increase of 46% to EUR
192.3 million (+52% on a constant currency basis)• Net result
before amortisation and non-recurring items increase of 52% to EUR
137.5 million (+57% on a constantcurrency basis)• Cash earnings per
share increased by 44% to EUR 2.43 (first half of 2020: EUR 1.69)•
In the second quarter of 2021, IMCD completed the acquisitions of
Siliconas in Colombia, Andes Chemical in theUS, Colombia and Peru
and Yuanhe Chemicals in China
Piet van der Slikke, CEO: "We are reporting
very strong results for the first six months of the year. After a
promisingstart of the year, the positive momentum continued into
the second quarter and our teams across all regions were ableto
benefit optimally from the strong product demand. This has resulted
in double digit growth numbers, with grossprofit being up 23% (+28%
on a constant currency basis), and operating EBITA being up 46%
(+52% on a constantcurrency basis). All regions achieved
substantial organic growth and contributed to the overall positive
results. Itremains to be seen how the pandemic will influence the
current economic conditions, but we are optimistic that wecan
further execute our growth strategy successfully in the remainder
of the year."
Attached, please find the full press release.
- Press Release_IMCD first half year 2021 results
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