IMCD reports 59% EBITA growth in the first nine months of 2022
November 10 2022 - 1:00AM
IMCD reports 59% EBITA growth in the first nine months of 2022
ROTTERDAM, The Netherlands (10 November 2022) -
IMCD N.V. (“IMCD” or “Company”), a leading distributor of
speciality chemicals and ingredients, today announces its first
nine months 2022 results.
HIGHLIGHTS
• Gross profit growth of 42% to EUR 883.0 million (+35% on a
constant currency basis)• Operating EBITA increase of 59% to EUR
443.5 million (+51% on a constant currency basis)• Net result
increase of 74% to EUR 264.0 million (+65% on a constant currency
basis)• Cash earnings per share increased by 57% to EUR 5.34 (first
nine months of 2021: EUR 3.40)• Since the end of Q2 2022, IMCD
acquired PromaPlast in Mexico/USA, Kuni Chemical in Japan and
signed an agreement to acquire Sanrise in China
Piet van der Slikke, CEO: "I am pleased to
report strong results in the first nine months of the year, with
operating EBITA growth of 59%, or EUR 164 million, and an increase
in cash earnings per share of 57%. All regions realised
double-digit organic growth numbers. In addition, we successfully
expanded our global network and product portfolio by acquisitions
in all of our regions, most recently in Mexico and US, Japan and
China. It is likely that the uncertainty in the market due to a
number of global macro-economic and geopolitical concerns, will
persist in the following quarters. Nevertheless, we are confident
that with our diversified business model, strong financial position
and our diverse and entrepreneurial teams, we remain well
positioned to deliver future growth."
Attached, in pdf format, the full press release.
- Press release_IMCD first nine months 2022 results
IMCD NV (EU:IMCD)
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