IMCD reports 59% EBITA growth in the first three months of 2022
April 29 2022 - 1:00AM
IMCD reports 59% EBITA growth in the first three months of 2022
ROTTERDAM, The Netherlands (29 April 2022) –
IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces its first
three months 2022 results.
HIGHLIGHTS
• Gross profit growth of 40% to EUR 277.4 million (+36% on a
constant currency basis)• Operating EBITA increase of 59% to EUR
139.9 million (+54% on a constant currency basis)• Result for the
year increase of 68% to EUR 78.6 million (+62% on a constant
currency basis)• Cash earnings per share increased by 55% to EUR
1.65 (first three months of 2021: EUR 1.06)• Successful completion
of acquisitions in EMEA (POLYchem and Evenlode), Americas
(Polyorganic and Quelaris) and APAC (Syntec, RPL Trading and
Aquatech)
Piet van der Slikke, CEO: "IMCD’s first-quarter
results showed again strong growth (Operating EBITA +59%, vs Q1
2021). We continue to benefit from strong demand and increasing
prices. Markets and supply chains remain unpredictable resulting
temporarily in higher working capital requirements. We were able to
successfully complete acquisitions in all regions and are very
pleased with the projects on further expanding our product
portfolio and digital initiatives."
Attached, in pdf format, the full press release.
- Press Release_IMCD first three months 2022 results
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