IMCD reports 17% EBITA growth in the first half of 2019
16 Août 2019 - 7:00AM
IMCD reports 17% EBITA growth in the first half of 2019
Rotterdam, The Netherlands (16 August 2019) - IMCD N.V.
("IMCD" or "Company"), a leading distributor of speciality
chemicals and food ingredients, today announces its first half year
2019 results.
Highlights
- Gross profit growth of 19% to EUR 312.0 million (+18% on a
constant currency basis)
- Operating EBITA increase of 17% to EUR 123.1 million (+17% on a
constant currency basis)
- Net result before amortisation and non-recurring items increase
of 14% to EUR 84.8 million (+14% on a constant currency basis)
- Cash earnings per share increased by 22% to EUR 1.60 (first
half of 2018: EUR 1.31)
Piet van der Slikke, CEO: 'The results of the first six months
were satisfactory with good growth of EBITA (+17%) and cash
earnings per share (+22%). Free cash flow was 50% higher than the
same period last year. Notwithstanding these good results,
IMCD also experienced a much more challenging
macro-economic environment in the second quarter which
impacted growth, in particular in EMEA but the Americas saw
slower growth as well. Current market conditions are volatile
and uncertain. Despite this we expect operating EBITA growth
for 2019.'
Please find attached the full press release.
- PRESS RELEASE_IMCD first half year 2019 results