IMCD reports 13% higher EBITA in the first nine months of 2014
ROTTERDAM, The Netherlands (13 November 2014) - IMCD N.V. (“IMCD” or “Company”), a leading international speciality chemicals-focused distributor, today announces the first nine months results.
Highlights • Revenue increase of 12% to EUR 1,041.4 million (+14% on a constant currency basis) • Gross profit growth of 11% to EUR 219.7 (+13% on a constant currency basis) • Operating EBITA increase of 13% to EUR 82.5 million (+15% on a constant currency basis) • Net debt at EUR 278 million after refinancing with proceeds of IPO and healthy cash flow growth ( +22% compared to same period 2013) • Acquisition of Danasia, Inc. in the Philippines as per September 29, 2014 • IMCD shares listed on the Amsterdam Stock Exchange as per June 27, 2014
Outlook • Full year 2014 EBITA growth of approximately 10%
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.”
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