IMCD reports 13% EBITA growth in 2020
26 Février 2021 - 7:00AM
IMCD reports 13% EBITA growth in 2020
Rotterdam, The Netherlands (26 February 2021) - IMCD N.V.
(“IMCD” or “Company”), a leading distributor of speciality
chemicals and ingredients, today announces its full year 2020
results.
HIGHLIGHTS
- Revenue growth of 3% to EUR 2,774.9 million (+6% on constant
currency basis)
- Gross profit growth of 8% to EUR 647.5 million (+11% on a
constant currency basis)
- Operating EBITA increase of 13% to EUR 253.5 million (+16% on a
constant currency basis)
- Net result before amortisation and non-recurring items increase
of 14% to EUR 178.1 million (+19% on a constant currency
basis)
- Cash earnings per share increased by 13% to EUR 3.22 (2019: EUR
2.85)
- Dividend proposal of EUR 1.02 in cash per share (2019: EUR
0.90)
Piet van der Slikke, CEO: "Throughout 2020 we
reported strong results and I am happy to confirm that we finished
the year very well: compared with 2019, our operating EBITA grew by
13% (16% on a constant currency basis) and free cash flow increased
by 27% to EUR 282m. Cash earnings per share were up with 13%. Much
has been said about the impact of COVID-19 during 2020 and I can
only repeat my gratitude to our dedicated staff who kept IMCD open
for business during these trying times. We are in our 25th year of
value creation for our suppliers and customers and we owe a big
thank you to them as well, for their trust and partnership during
all these years. 2020 was also a year in which we accelerated our
digital transformation and we successfully expanded our presence in
several parts of the world. This is testimony to our continuing
ambition to be the global leading distributor in specialities and
ingredients. Despite the uncertain times we live in, we are very
positive about IMCD’s opportunities for further growth in the
current year."
Attached, please find the full press release.
- Press Release_IMCD 2020 Full Year Results
IMCD NV (EU:IMCD)
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