IMCD with Gross Profit and EBITDA Growth in first three Months of 2017
Specialty Chemicals distributor IMCD N.V. (Rotterdam, The Netherlands) reported on the performance in the first three months of 2017. Gross Profit and Operating EBITDA grew by 11% to EUR 106.4 mn (+9% on a constant currency basis) and 9% to EUR 42.7 mn (+8% on a constant currency basis). This resulted in Cash Earnings per Share of EUR 0.56, an increase of 12%.
According to a statement from Piet van der Slikke, CEO, the results in Asia-Pacific were in line with expectations. 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” he is quoted saying.
Source: IMCD press release
HGE / DCG – 12.05.2017