ANNUAL REPORT 2021

Welcome to a world of opportunity

Piet van der Slikke, ceo

 

Record growth despite a challenging year

 

Business conditions in 2021 remained challenging: we faced serious disruptions of the global supply chain. Across the world, demand, production, and prices fluctuated wildly. In an exceptionally demanding period for business, we recorded record growth across all our markets. Yet, we rose to the challenge and our teams worked tirelessly to ensure that supply to our customers was maintained. I could not be more proud of our collective response.

Financial Highlights 2021

In € millions

Revenue

€3,435.3
▲ +24%

+25% on a constant currency basis

Gross profit

€836.3
▲ +29%
+30% on a constant currency basis

Operating EBITA

€373.6
▲ +54%
+55% on a constant currency basis

Free cash flow
€278.9

▲ +1%
2020: €277.4

 

We help our customers and suppliers advance in several different life science and industrial end markets

Read our Business Group cases to discover more

Key figures HR

Total number of
employees 
(FTE)
3,740
▲ 13%
(At 31 December)

Diversity
by Gender
51% / 49%

(Female/Male)

Type of
function
63%

Commercial/Technical

Education
level
70%

Bachelors or masters degree

IMCD in 2021

Since we began in 1995, we have grown substantially – first in Europe, then worldwide – and now we have a footprint across six continents. With 3,740 employees we are globally active in 50+ countries with 92 offices, 65 laboratories and 107 warehouses. 

How we create value

Our value creation model shows how we use the resources, capabilities and expertise at our disposal to benefit our stakeholders. Through our operations, we transform capital inputs into outputs and outcomes that create value for the organisation, our stakeholders and society at large.

2021 Highlights

2021 was characterised by numerous events: we added three culinary chefs to our Food and Nutrition team (marking IMCD the first distributor and formulator to establish this type of position), we embraced digital connectivity. We saw tremendous developments in the APAC region with five acquisitions and delivered meaningful contributions to the society.

Strategy & Business

Our highly skilled professionals drive innovation with our comprehensive product portfolio to provide (trend-focused) solutions that meet the needs of customers across eight business groups. By partnering with IMCD, our suppliers benefit from our market intelligence and accelerated growth through direct access to markets across the world.

Financial performance

Despite the continuing challenging market conditions, including lasting supply chain constraints and COVID related restrictions, financial performance in 2021 was very strong. All regions delivered double digit EBITA growth numbers, organically as well as through selected acquisitions.

Sustainability 

We are proud that IMCD has been awarded a gold rating by EcoVadis in 2021 for the first time. It demonstrates that IMCD recognises the growing importance of sustainability management and transparent reporting. It encourages us to continue our efforts. Together with its business partners, IMCD turns market trends into sustainable products that benefit the lives of consumers worldwide and help reduce environmental impact.

Today, we are an increasingly digitised distributor unlike any other: formulation experts and solutions providers who continuously add value.