IMCD reports 11% EBITA growth in the first half of 2015
Rotterdam, The Netherlands (14 August 2015) - IMCD N.V. (“IMCD” or “Company”), a leading distributor of specialty chemicals and food ingredients, today announces the first half year 2015 results.
Highlights • Gross profit growth of 10% to EUR 161.3 million (+6% on a constant currency basis) • Operating EBITA increase of 11% to EUR 62.1 million (+7% on a constant currency basis) • Net result EUR 42.2 million before amortisation and non-recurring items (first half of 2014: EUR 15.1 million) • Cash EPS EUR 0.81 • Acquisition of MF Cachat, completed on 23 June 2015, provides a significant platform for further growth in the United States
Piet van der Slikke, CEO, commented: 'I am satisfied with our first half year results. We have been able to further improve gross profit and operating EBITA, our most important KPI's, despite modest growth dynamics in the markets in which we operate. We are very pleased with the recent acquisition of MF Cachat in the US which is an important step to further expand and enhance our business model.'
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