IMCD reports EBITA of EUR 280 million in the first half of 2023
August 04 2023 - 1:00AM
IMCD reports EBITA of EUR 280 million in the first half of 2023
Rotterdam, The Netherlands (4 August 2023) -
IMCD N.V. ("IMCD" or "Company"), a global leading distribution
partner, formulator of speciality chemicals and ingredients, and
solutions provider, today announces its first half-year 2023
results.
HIGHLIGHTS
• Gross profit of EUR 583 million (+2% on a constant currency
basis) showed resilience of IMCD's business model• Operating EBITA
decrease of 6% to EUR 280 million (-3% on a constant currency
basis)• Net result decrease of 14% to EUR 153 million (-12% on a
constant currency basis)• Free cash flow increased by 105% to EUR
241 million (first half of 2022: EUR 118 million)• Successful
completion of acquisitions in the UK, Sweden, Israel, South Africa,
Puerto Rico, Colombia and India, and agreements signed to acquire
entities in Chile, Singapore, and Malaysia
Piet van der Slikke, CEO: "After an exceptional
performance in 2022 and despite current challenging macroeconomic
conditions, IMCD showed its resilience in the first six months of
the year by achieving a gross profit of EUR 583 million (+2% forex
adjusted) and an operating EBITA of EUR 280 million (-3% forex
adjusted). IMCD delivered a healthy cash flow of over EUR 240
million (+105%), and a strong cash conversion margin of 84%. We
remain confident about our diversified business model and continue
to execute our growth strategy with diligence. With thirteen
acquisitions this year, of which seven acquisitions in Latin
America and Asia, we further expanded our global market presence
and are well-positioned to deliver future business growth."
Attached, the full press release in pdf format.
- Press release_IMCD first half year 2023 results
IMCD NV (EU:IMCD)
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