IMCD reports 58% EBITA growth in the first half of 2022
August 04 2022 - 1:00AM
IMCD reports 58% EBITA growth in the first half of 2022
ROTTERDAM, The Netherlands (4 August 2022) –
IMCD N.V. ("IMCD" or "Company"), a leading distributor of
speciality chemicals and ingredients, today announces its first
half year 2022 results.
HIGHLIGHTS
• Gross profit growth of 42% to EUR 584.2 million (+36% on a
constant currency basis)• Operating EBITA increase of 58% to EUR
296.7 million (+52% on a constant currency basis)• Net result
increase of 68% to EUR 177.0 million (+60% on a constant currency
basis)• Cash earnings per share increased by 57% to EUR 3.68 (first
half of 2021: EUR 2.34)• In the second quarter of 2022, IMCD signed
an agreement to acquire 100% of the shares of Welex, based in
China
Piet van der Slikke, CEO: "IMCD’s first six
months showed record growth with an increase of 58% of operating
EBITA. The trend of strong demand and increased prices continued.
In addition, we were able to attract new product lines, and the
acquired businesses performed beyond expectation. Obviously, there
is a lot of macro-economic and political uncertainty which makes
future developments difficult to predict. We remain however
confident in our strong and resilient business model operating with
a highly competent and motivated staff across the world in various
market segments with a wide variety of products."
Attached, in pdf format, the full press release.
- Press release_IMCD first half year 2022 results
IMCD NV (EU:IMCD)
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