November 13 2014, David R Brown
Euronext listed IMCD posts strong results for first nine months of 2014
International speciality chemicals distributor, IMCD has announced positive results for the first nine months of 2014 with revenues increasing by EUR 111.5 million to EUR 1,041.4 million, an increase of 12% (+14% on a constant currency basis) over the same period in 2013. Gross profit increased by EUR 22.3 million to EUR 219.7 million, an increase of 11% (+13% on a constant currency basis) and operating EBITA increased by 13% to EUR 82.5 million (+15% on a constant currency basis).
I am confident that overall 2014 will be a strong year for IMCD
Piet van der Slikke
CEO, IMCD Group
Piet van der Slikke, CEO, commented: “I am pleased with the year to date results. They underline our strategy of achieving organic growth through expanding our supplier base and product portfolio on a continuous basis. And the acquisition of Danasia will provide a platform to expand our activities in the Philippines. I am confident that overall 2014 will be a strong year for IMCD.”
At a regional level IMCD experienced revenue growth of 7% in Europe, 15% in Asia Pacific and 94% in Emerging Markets (Turkey, South Africa and Brazil) reflecting both organic growth and the impact of acquisitions made in Brazil and South Africa in 2013.
The gross profit margin remained relatively stable at 21.1% compared to 21.2% in 2013. Gross profit margins were positively impacted by product mix changes and the expansion of the supplier base. Furthermore there was an impact of the acquisitions that were done in 2013 and by the depreciation of certain non-Euro currencies resulting in competitive pressure in local markets.
IMCD shares were listed on the Amsterdam Stock Exchange for the first time on June 27, 2014.
About IMCD
Listed at Euronext Amsterdam (IMCD.AS), IMCD realised revenues of €1.2 billion in 2013 and is a market-leader in the sales, marketing and distribution of specialty chemicals and food
ingredients across Europe, Africa, Asia-Pacific and in Brazil. The Group employs a dedicated team of more than 1,400 technical and commercial experts work in close partnership with around 27,000 customers and suppliers in more than 30 countries worldwide.
Source(s): IMCD Press Release
Further Information
Visit: http://www.imcdgroup.com