IMCD reports Growth in the first nine Months of 2015 (including Acquisitions)

Specialty chemicals distributor IMCD N.V. (Rotterdam, The Netherland) recently published financial results for the first 9 months of 2015. Based on sales of EUR 1’139.4 mn (+ 9% as reported, +7% on a constant currency basis) the company achieved a Gross Profit of EUR 249.4 mn, +14% compared to the first nine months of 2014 as reported (+11% on a constant currency basis).
IMCD said the first time inclusion of acquired companies (i.e. Danasia, Philippines – since September 2014, Kushalchand, India – since April 2015 and MF Cachat, United States – since 24 June 2015) had a positive contribution of ca. EUR 83 million (or ca. 8% as reported) to overall sales.
Operating EBITA increased 17% as reported % to 96.3 EUR mn (+14% on a constant currency basis)
With a Net Result before amortisation and non-recurring items of EUR 63.6 million (first nine months of 2014: EUR 35.1 million) the Cash EPS came in at EUR 1.20.

Source: IMCD press release / website, for more details see http://hugin.info/164110/R/1965894/717830.pdf

HGE – DCG / 30.11.2015