IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced a strong growth in first half year 2021 results as reflected in the below data.

 

- Gross profit growth of 23% to EUR 410.9 million (+28% on a constant currency basis)

- Operating EBITA increase of 46% to EUR 192.3 million (+52% on a constant currency basis)

- Net result before amortisation and non-recurring items increase of 52% to EUR 137.5 million (+57% on a constant currency basis)

- Cash earnings per share increased by 44% to EUR 2.43 (first half of 2020: EUR 1.69)

- In the second quarter of 2021, IMCD completed the acquisitions of Siliconas in Colombia, Andes Chemical in the US, Colombia and Peru and Yuanhe Chemicals in China

 

Piet van der Slikke, CEO comments, "We are reporting very strong results for the first six months of the year. After a promising start of the year, the positive momentum continued into the second quarter and our teams across all regions were able to benefit optimally from the strong product demand. This has resulted in double digit growth numbers, with gross profit being up 23% (+28% on a constant currency basis), and operating EBITA being up 46% (+52% on a constant currency basis). All regions achieved substantial organic growth and contributed to the overall positive results. It remains to be seen how the pandemic will influence the current economic conditions, but we are optimistic that we can further execute our growth strategy successfully in the remainder of the year."