IMCD reports 24% EBITA growth in the first half of 2018
17 Août 2018 - 07:00AM
Rotterdam, The Netherlands
(17 August 2018) - IMCD N.V. ("IMCD" or "Company"), a leading
distributor of speciality chemicals and food ingredients,
today announces its first half year 2018 results.
Highlights
· Gross profit growth of 24% to EUR 263.1 million
(+30% on a constant currency basis)
· Operating EBITA increase of 24% to EUR 105.2 million (+30% on a
constant currency basis)
· Net result before amortisation and non-recurring items increase
of 28% to EUR 74.2 million (+34% on a constant currency
basis)
· Cash earnings per share increased by 20% to EUR 1.31 (first half
of 2017: EUR 1.09)
· Acquisition of E.T. Horn, completed on 31 July 2018, supporting
IMCD's strategy of offering its suppliers and customers
national US coverage and dedicated segment expertise
Piet van der Slikke, CEO: "It
goes without saying that we are happy with the results over the
first six months. We could optimally benefit from our strong
business model combined with favourable economic
conditions. The signing and closing of our acquisition of E.T.
Horn (La Mirada, California) represents an important milestone
in the execution of our North American strategy. We will work hard
to create an organisation in this region which will offer the
best possible service to our suppliers and customers and great
opportunities for our staff."
Please find attached the full press release.
PRESS RELEASE_IMCD first half year
2018 results
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: IMCD N.V. via Globenewswire
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