IMCD reports 28% EBITA growth in the first three months of 2019
08 Mai 2019 - 07:00AM
IMCD reports 28% EBITA growth in the first three months of 2019
Rotterdam, The Netherlands (8 May 2019) - IMCD N.V.
(“IMCD” or “Company”), a leading distributor of speciality
chemicals and food ingredients, today announces its first three
months 2019 results.
Highlights• Gross profit growth of 23% to EUR
157.9 million (+23% on a constant currency basis)• Operating EBITA
increase of 28% to EUR 63.7 million (+27% on a constant currency
basis)• Net result before amortisation and non-recurring items
increase of 27% to EUR 44.5 million (+26% on a constant currency
basis)• Cash earnings per share increased by 25% to EUR 0.83 (first
three months of 2018: EUR 0.67)
Piet van der Slikke, CEO: "The year started very well with an
EBITA growth of 28%, strong free cash flow and an increase of
earnings per share of 22%. The Americas and Asia Pacific
outperformed whereas EMEA could not continue its strong growth
of last year. The integration of the businesses acquired in 2018 in
Europe (Velox), the US (E.T. Horn) and India (Aroma Chemicals)
progresses according to plan. We will continue to work hard to
further strengthen our business model and to deliver positive
results for all our stakeholders."
Please find attached the full press release.
- IMCD Q1 results 2019 Press Release