IMCD publishes Q1-2015 Results and holds AGM

Specialty chemicals distributor IMCD N.V. (Rotterdam, The Netherlands) yesterday reported on its Q1 results.
Revenues increased 3% to EUR 355.6 mn compared to EUR 345.7 mn for the same period last year. On a constant currency basis revenue decreased by 1%, influenced by decisions to optimise the product portfolio, IMCD said in a stateement.
Gross profit was up by 8% at EUR 79.1 mn (+5% on a constant currency basis). This is equivalent to a gross profit margin of 22.2%, up from 21.1% in the first quarter of 2014. While gross profit margins increased in Europe and Asia Pacific, they were more or less stable in Other Emerging Markets, i.e. Brazil, South Africa and Turkey.
Operating EBITA was up by 9% at EUR 30.5 mn (+5% on a constant currency basis). The operating EBITA margin of 8.6% compares with 8.1% in the first quarter of last year. IMCD said, operating EBITA margins were higher in Europe and Asia Pacific and declined in Other Emerging Markets.
The Annual General Meeting of IMCD, held on 29. April 2015, approved all voting items on the agenda including the adoption of the financial statements for the financial year 2014 and the approval of the dividend proposal of EUR 0.20 per ordinary share.

Source: IMCD press releases

HGE – DCG / 30.04.2015