Rotterdam, The Netherlands (10 May 2017) - IMCD N.V. ("IMCD" or "Company"), a leading distributor of speciality chemicals and food ingredients, today announces its first three months 2017 results.
· Gross profit growth of 11% to EUR 106.4 million (+9% on a constant currency basis)
· Operating EBITA increase of 9% to EUR 42.7 million (+8% on a constant currency basis)
· Net result before amortisation and non-recurring items increase of 11% to EUR 29.4 million (+8% on a constant currency basis)
· Cash earnings per share increased by 12% to EUR 0.56
Piet van der Slikke, CEO: "The year started very well with an EBITA growth of 9%, strong free cash flow and an increase of cash earnings per share of 12%. In particular EMEA outperformed with 14% EBITA growth. The results in Asia-Pacific were in line with expectations whereas the Americas were disappointing, mainly because Brazil underperformed versus a strong Q1 2016. Overall, we are optimistic and expect another year of growth of our results."
Please find attached the full press release.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: IMCD N.V. via Globenewswire