IMCD reports 51% EBITA growth in the first nine months of 2021
09 November 2021 - 7:00AM
IMCD reports 51% EBITA growth in the first nine months of 2021
Rotterdam, The Netherlands (9 November 2021) -
IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces its first
nine months 2021 results.
HIGHLIGHTS
- Gross profit growth of 28% to EUR 620.8 million (+30% on a
constant currency basis)
- Operating EBITA increase of 51% to EUR 286.4 million (+54% on a
constant currency basis)
- Net result before amortisation and non-recurring items increase
of 54% to EUR 202.0 million (+58% on a constant currency
basis)
- Cash earnings per share increased by 44% to EUR 3.54 (first
nine months of 2020: EUR 2.46)
- In the third quarter of 2021, IMCD completed the acquisition of
Maquimex in Mexico and signed an agreement to acquire Aquatech in
China.
Piet van der Slikke, CEO: "We have delivered
strong results in the first nine months of this year. Despite
constraints in the supply chains, our committed team was able to
benefit from strong demand and further expanded and leveraged our
commercial relationships. Operating EBITA was up with 51% (fx.
adjusted +54%) or EUR 96.5 million and we realised a healthy cash
flow of 204.5 EUR million (+21%) in the first nine months of this
year. All regions delivered double digit operating EBITA growth
numbers. We further successfully executed our growth strategy by
two acquisitions in China and Mexico in the third quarter of this
year. Although we foresee continuing supply chain challenges in the
remainder of the year, we are confident that our well-established
commercial, digital and logistic infrastructure, enables us to
realise our sustainable growth ambitions."
Attached, please find the full press release.
- Press release_IMCD first nine months 2021 results
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