IMCD reports 17% EBITA growth in the first nine months of 2016
Rotterdam, The Netherlands (16 November 2016) - IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and food ingredients, today announces its first nine months 2016 results.
Gross profit growth of 15% to EUR 286.9 million (+19% on a constant currency basis)
Operating EBITA increase of 17% to EUR 112.8 million (+21% on a constant currency basis)
Net result before amortisation and non-recurring items increase of 25% to EUR 79.2 million (+28% on a constant currency basis)
Cash earnings per share increased by 23% to EUR 1.48
Acquisition of the business of Chemicals and Solvents (EA) Ltd. in Kenya, completed on 1 September 2016, expanding the existing operations in Africa
Piet van der Slikke, CEO: "We are pleased with the results in the first nine months of 2016. Overall we were able to show solid growth, despite challenging macro-economic circumstances and a considerable negative Fx impact."
To read the full press release, please click on the attachment below.