IMCD reports 28% EBITA growth in the first three months of 2021
29 April 2021 - 07:00AM
IMCD reports 28% EBITA growth in the first three months of 2021
Rotterdam, The Netherlands (29 April 2021) - IMCD N.V.
(“IMCD” or “Company”), a leading distributor of speciality
chemicals and ingredients, today announces its first three months
2021 results.
HIGHLIGHTS
- Gross profit growth of 12% to EUR 197.6 million (+17% on a
constant currency basis)
- Operating EBITA increase of 28% to EUR 90.6 million (+34% on a
constant currency basis)
- Net result before amortisation and non-recurring items increase
of 27% to EUR 63.8 million (+32% on a constant currency
basis)
- Cash earnings per share increased by 18% to EUR 1.11 (first
three months of 2020: EUR 0.94)
- Further strengthening of the pharma, food, and personal care
activities in EMEA by the completion of three acquisitions (Ejder
Kimya, Siyeza Fine Chem Propriety Limited, and the pharmaceutical
business of Peak International Products B.V.)
Piet van der Slikke, CEO: "I am pleased to report that
IMCD had a strong start of the year. Our team performed excellently
despite challenges from Covid, product shortages and disturbances
in supply chains. We experienced strong demand in particular in the
industrial sector. Acquisitions completed last year performed in
accordance with expectations. This resulted in an
operating EBITA growth of 28% (+34% on a constant currency base)
and in favourable development of other KPI’s as well. Free cash
flow grew to EUR 63.6 million (+91%) and cash earnings per share
was up 18%. All regions contributed to these results. We continue
to execute our strategy diligently by working hard on further
digitalising our business, providing sustainable product solutions
to our customers, and strengthening our presence in various
markets. With this promising start, I am optimistic that the
quality of our staff and the strength of our business model enables
IMCD to further grow its business this year."
Attached, please find the full press release.
- Press Release_IMCD first three months 2021 results
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